BHP Billiton Investor Briefing - Day 1

UK Listing Authority Submissions

BHP Billiton Chief Executive Officer, Andrew Mackenzie, will present at the Company's Petroleum investor briefing in Houston, USA on Monday, 9 December 2013.

When discussing his presentation, Mr Mackenzie said: "We are pleased to host an important shareholder event in Houston and look forward to discussing the exciting outlook for our Petroleum business.

"Our high quality, diversified resource portfolio and proven strategy have delivered outstanding results for our shareholders and we aim to extend this strong track record.

"Our production guidance remains unchanged and we expect to deliver growth of 16 per cent, in copper equivalent terms, over the next two years."

When discussing strategy, Mr Mackenzie said: "The Company's productivity agenda has the potential to create more value than anything else we do. With all of our operations now on a common information management platform, we can replicate best practice and improve operational performance across the Group. By generating more volume from our existing equipment and lowering unit costs, we will continue to build on the US$2.7 billion reduction in controllable cash costs delivered in the 2013 financial year.

"Our productivity agenda extends to our development projects where we are pursuing a higher rate of return on incremental investment by significantly increasing internal competition for capital and driving project costs down. A 25 per cent reduction in capital and exploration expenditure is planned for this financial year and our level of investment will decline again next year.

"The quality and breadth of our portfolio will also allow us to further simplify our business, while retaining the benefits of diversification. A focus on our four key pillars and their major operations will ultimately deliver higher growth, higher margins and stronger investment returns. We have completed six major transactions delivering proceeds of US$6.5 billion, with US$2.2 billion received this financial year."

Mr Mackenzie concluded by saying: "If we keep getting the basics right and deliver on our commitments, we will substantially increase free cash flow and grow total returns for our shareholders."

The tour will continue on Tuesday 10 December 2013, with the remaining material released on that day.

A copy of the presentation has today 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/2013/131209_InvestorBriefing.pdf

BHP Billiton Plc Registration number 3196209

Registered in England and Wales

Registered Office: Neathouse Place London SW1V 1BH United Kingdom

A member of the BHP Billiton Group which is headquartered in Australia