BIL
BIBLT
BHP Billiton Plc - Press Announcement
BHP Billiton Plc
Share Code: BIL
ISIN: GB0000566504
Dear Shareholder
BEWARE OF OFFERS TO PURCHASE YOUR BHP BILLITON SHARES - THEY MAY UNDERVALUE YOUR
INVESTMENT
I am writing to inform and warn you about unsolicited offers to purchase your
BHP Billiton shares.
A company called `Direct Share Purchasing Corporation Pty Ltd" (DSPC) has
written to BHP Billiton requesting a copy of our share register. Under the
Corporations Act they are entitled to do this.
We understand that this company is associated with Mr David Tweed. You may know
of him; he is mentioned frequently in the media for making offers to the holders
of small parcels of shares in listed companies.
You may receive an offer from DSPC. It concerns me that shareholders may
unknowingly accept an offer for their BHP Billiton shares that substantially
undervalues their shareholding, so if you do receive such an offer, please check
it carefully. In particular, please check:
- that you are going to receive fair value for your shares because it is
possible that you could receive more for your shares if you sold them on
market through your broker. You can check the current market value of BHP
Billiton shares on the Australian Stock Exchange"s website at
www.asx.com.au or in the daily newspapers; and
- the terms and conditions of the offer and, in particular, how quickly you
are going to be paid. If you sold your shares on market through a broker,
you would usually receive payment within approximately 3 days. You should
check that the offer does not contemplate that you will be paid over a long
period of time because this would reduce the real value to you. It may
also result in unforeseen taxation consequences for you.
Of course any decision about sale of your BHP Billiton shares is one for you. I
only urge you to carefully consider the terms of any offer you receive and
contact your broker or financial advisor for advice. If you do not have a
regular broker, information on how to get in touch with one is available from
the Australian Stock Exchange"s Customer Service Centre, telephone 131 279.
If you would like any further clarification on matters raised in this letter you
may contact our Manager, Share Registry Services on +61 3 9609 4539.
Thank you for your support as a shareholder in BHP Billiton.
Yours sincerely
Don Argus
Chairman
Date: 09/11/2006 08:37:06 AM Produced by the JSE SENS Department
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