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Thu 27 Mar 2003, 8:38 Notification of Major Interests in Shares
BHP Billiton Plc -            
ISIN: GB0000566504                                                              
Share code: BIL                                                                 
Notification of Major Interests in Shares                                       
The following notification was received on 26 March 2003 by BHP Billiton Plc in 
a letter from Old Mutual plc dated 26 March 2003 relating to major interests in 
shares of BHP Billiton Plc as at 21 March 2003:                                 
"Disclosure under s 198 - 212 Companies Act                                     
Please find notification pursuant to Section 198 of the Companies Act 1985, that
as at 21st March 2003, Old Mutual Plc and its direct and indirect subsidiaries  
had a material interest in 120,425,765 ordinary shares of BHP Billiton plc,     
representing 4.88% of the issued share capital.  The shares are registered as   
per the attached schedule.                                                      
Although the disclosure concerns the position as at close of business on Friday 
21st March, please note that a net increase in holdings by Old Mutual Asset     
Managers (South Africa) (Pty) Ltd (on behalf of its clients) of 23,270,300 on   
17th March 2003 took Old Mutual Plc"s aggregate holdings above 4%."             
Registered holdings of BHP Billiton Plc share capital by Old Mutual Companies at
21 March 2003                                                                   
Total Shares   Number of    Company                  Registered Holder          
issued         Shares                                                           
2,468,147,002  62,108,585   Old Mutual Asset         Old Mutual Life            
                            Managers (South          Assurance Company (South   
Africa) (Pty) Ltd        Africa) Ltd                
               0            Old Mutual Asset         Rodina Investments (Pty)   
                            Managers (South          Ltd                        
                            Africa) (Pty) Ltd                                   
0            PeregrineQuant (Pty)     Old Mutual Life            
                            Ltd (Not an Old Mutual   Assurance Company (South   
                            Company)                 Africa) Ltd                
               0            Coronation Fund          Old Mutual Life            
Managers Ltd (Not an     Assurance Company (South   
                            Old Mutual Company)      Africa) Ltd                
               1,151,547    Old Mutual Asset         Old Mutual Unit Trusts     
                            Managers (South          (SA) Limited               
Africa) (Pty) Ltd                                   
               25,555,504   Old Mutual Asset         Old Mutual Asset           
                            Managers (South          Managers (South Africa)    
                            Africa) (Pty) Ltd        (Pty) Ltd (Managed Fund    
Client Assets)             
               86,000       Old Mutual Asset         Omnibon No 13 (Pty)        
                            Managers (South          Limited                    
                            Africa) (Pty) Ltd                                   
354,183      Old Mutual Asset         Old Mutual Life            
                            Managers (Namibia)       Assurance Company          
                            (Pty) Ltd                (Namibia) Ltd              
               232,849      Old Mutual Asset         Old Mutual Holdings        
Managers (Namibia)       (Namibia) (Pty) Ltd        
                            (Pty) Ltd                                           
               112,125      Old Mutual Asset         Old Mutual Asset           
                            Managers (Namibia)       Managers (Namibia) (Pty)   
(Pty) Ltd                Ltd (Managed Fund Client   
                                                     Assets)                    
               6,089        Old Mutual Asset         Old Mutual Unit Trusts     
                            Managers (South          (Namibia) Limited          
Africa) (Pty) Ltd                                   
               3,705,874    Old Mutual Asset         Old Mutual Global Asset    
                            Managers (Bermuda) Ltd   Fund                       
               10,409,248   Old Mutual Asset         Old Mutual South Africa    
Managers (Bermuda) Ltd   Equity Trust Limited       
               871,406      Old Mutual Asset         Old Mutual South African   
                            Managers (Bermuda) Ltd   Trust Plc                  
               5,373,054    Quantitive Asset         Nedbank Nominees Ltd       
Management                                          
               82,845       Quantitive Asset         Standard Bank Nominees     
                            Management               Ltd                        
               204,707      Syfrets Securities       Syfrets Securities         
Nominees (Pty) Ltd         
               5,235,100    Franklin Templeton/NIB   Nedcor Bank Nominees Ltd   
                            Investments              and Standard Bank          
                                                     Nominees (Pty) Ltd         
481,879      Nedcor Investment Bank   Standard Bank Nominees     
                            Multi Manager            (Pty) Limited              
               5,101        Nedcor Investment Bank   Marser Nominees (Pty)      
                            Securities               Limited                    
1,091,288    Mutual & Federal         Mutual & Federal Limited   
                            Limited                                             
               114,634      Mutual & Federal         Mutual & Federal Namibia   
                            Namibia Limited          Limited                    
411,651      CGU Insurance            CGU Insurance              
               212,850      CGU Holdings             CGU Holdings               
               106,425      Sentrasure               Sentrasure                 
               292,199      Quaystone Ltd            ABSA Nominees Ltd          
360,131      Quaystone Ltd            Nedcor Bank Nominees Ltd   
               1,860,491    Quaystone Ltd            Standard Bank Nominees     
                                                     (Transvaal) (Pty)          
                                                     Limited                    
120,425,765                           4.88%                      
Date:     27 March 2003                                                         
BHP Billiton Limited                         BHP Billiton Plc                   
ABN 49 004 028 077                           Registration number 3196209        
Registered in Australia                      Registered in England and Wales    
Registered Office: 600 Bourke Street         Registered Office: Neathouse Place,
Melbourne Victoria 3000                      London SW1V 1BH United Kingdom     
Telephone +61 3 9609 3333                    Telephone +44 20 7802 4000         
Facsimile +61 3 9609 3015                    Facsimile +44 20 7802 4111         
The BHP Billiton Group is headquartered in Australia                            


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