Director Shareholding

BHP Billiton Limited
18 February 2002

     BHP Billiton Limited is issuing this announcement to fulfil disclosure
  obligations arising from its secondary listing on the London Stock Exchange.

    The text of this release is identical to that issued by BHP Billiton Plc
                                    earlier.


Company Secretariat
18 February 2002





To:      Australian Stock Exchange             cc:   New York Stock Exchange
         Companies Announcements Office              Swiss Stock Exchange
                                                     New Zealand Stock Exchange
         London Stock Exchange                       Johannesburg Stock Exchange
         Companies Announcements Office              Paris Bourse
                                                     Deutsche Bank







Notification of Change of Interests of Directors and Connected Persons

             (Australian Stock Exchange Listing Rules Appendix 3Y)


Name of entities              BHP Billiton Limited                   BHP Billiton Plc
                              ABN  49 004 028 077                    REG NO  3196029



As part of a dual listed company structure, the BHP Billiton Group has agreed to
adopt the better of the existing governance practices between BHP Billiton Plc
and BHP Billiton Limited.  As a result, the Group voluntarily notifies all stock
exchanges on which either BHP Billiton Plc or BHP Billiton Limited have primary
or secondary listings, all those interest of directors of both entities in the
securities of both entities (and changes to those interests) which are required
to be disclosed under the Australian Stock Exchange (ASX) Listing Rules, the
Listing Rules of the United Kingdom Listing Authority, the Australian
Corporations Act, the United Kingdom Companies Act and the Group's Securities
Dealing Code.



We (the entities) advise the following information under ASX Listing Rule
3.19A.2 and as agent for the director for the purposes of section 205G of the
Australian Corporations Act and otherwise in accordance with the foregoing
policy.


Name of director                     Mr B P Gilbertson
Date of appointment                  BHP Billiton Limited  -   29.6.2001

                                     BHP Billiton Plc      -   26.6.1997






Part 1 - Change of director's relevant interests in securities



Included in this Part are:

•     in the case of a trust, interests in the trust made available by the
responsible entity of the trust;

•     details of the circumstance giving rise to the relevant interest;

•     details and estimated valuation if the consideration is non-cash; and

•     changes in the relevant interest of Connected Persons of the director.




Direct or indirect interest                       Indirect


Nature of indirect interest                       Vidacos Nominees Limited as trustee of a family trust of which the
                                                  director is a potential beneficiary
(including registered holder)


Date of change                                    14.02.02


No. of securities held prior to change            519,091

Class                                             Ordinary shares in BHP Billiton Plc


Number acquired                                   -


Number disposed                                   250,000


Value/Consideration                               £4.1449 per share


No. of securities held after change               269,091

Nature of change                                  On-market trade

Example:  on-market trade, off-market trade,
exercise of options, issue of securities under
dividend reinvestment plan, participation in
buy-back

Any additional information                        The companies were notified of this transaction on 15 February 2002.




Part 2 - Change of director's interests in contracts other than as described in
Part 3



Included in this Part are:



•     only details of a contract in relation to which the interest has changed;
and

•     details and estimated valuation if the consideration is non-cash.


Detail of contract                                                           -


Nature of interest                                                           -




Name of registered holder                                                    -

(if issued securities)


No. and class of securities to which                                         -
interest related prior to change


Interest acquired                                                            -


Interest disposed                                                            -


Value/Consideration                                                          -


Interest after change                                                        -








Part 3 - Change of director's interests in options or other rights granted by
the entities



Included in this Part are only details of options or other rights granted which
have changed, save for the total number of securities over which options or
other rights are held following this notification.


Date of grant                                                                          -




Period during which or date on which exercisable                                       -


Total amount paid (if any) for the grant                                               -




Description of securities involved:                                                    -

class; number


Exercise price (if fixed at time of grant) or indication                               -
that price is to be fixed at time of exercise


Total number of securities over which options or other                                 -
rights held at the date of this notice


Any additional information                                                             -









Part 4  -  Contact details


Name of authorised officers responsible for making this  Mr R V Taylor - BHP Billiton Limited
notification on behalf of the entities


                                                         Mrs M Taylor -  BHP Billiton Plc
Contact details                                          Mr R V Taylor   Tel:    [phone]

                                                                         Fax:    [phone]



                                                         Mrs M Taylor    Tel:    [phone]

                                                                         Fax:    [phone]


BHP Billiton Limited ABN 49 004 028 077                    BHP Billiton Plc Registration number 3196209
Registered in Australia                                    Registered in England and Wales
Registered Office: 600 Bourke Street Melbourne Victoria    Registered Office: 1-3 Strand London WC2N 5HA United Kingdom
3000                                                       Telephone [phone] Facsimile [phone]
Telephone [phone] Facsimile [phone]

              The BHP Billiton Group is headquartered in Australia







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            The company news service from the London Stock Exchange