2013 Global Metals, Mining and Steel Conference

UK Listing Authority Submission

BHP Billiton Chief Executive Officer, Andrew Mackenzie, will present at the Bank of America Merrill Lynch 2013 Global Metals, Mining and Steel Conference in Barcelona today.

When discussing his presentation, Mr Mackenzie said: "Our enduring strategy has worked well for the company and its shareholders. In fact, strict adherence to this strategy is what has differentiated us and I intend to give it an even sharper focus."

"You will recognise my passion for our productivity agenda and this extends to our development projects. We must challenge ourselves to increase returns from new investment, in the same way that we need to squeeze returns from our installed infrastructure. In this regard, capital and exploration expenditure for the 2014 financial year will decline significantly, to approximately US$18 billion, and the rate of spend is expected to decline substantially thereafter. By reducing our annual spend and increasing internal competition for capital, we expect to maximise returns from incremental investment, while delivering a substantial increase in the Group's free cash flow," he added.

Mr Mackenzie concluded by saying: "This is a wonderful time to be at the helm of the world's largest natural resources company. We believe our strategy, when combined with our great ore bodies, will deliver stronger margins throughout the economic cycle, a simpler and more capital efficient structure, a substantial increase in free cash flow and growth in shareholder value."

A copy of the presentation has been submitted to the National Storage Mechanism and will shortly be available for inspection at: www.hemscott.com/nsm.do.

The document may also be accessed via BHP Billiton's website (www.bhpbilliton.com) or by using the following web link:

http://www.bhpbilliton.com/home/investors/reports/Documents/2013/130514_BoAML_2013GlobalMetalsMiningSteelConference.pdf

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