BHP Billiton Metallurgical Coal Price Negotiations Update

10 June 2009

BHP Billiton today announced that terms for a significant portion of 2009 BHP Billiton metallurgical coal contracts have been concluded following settlements with key global customers.

Based on settlements to date, US$ FOB prices for prime metallurgical coal products are expected to decrease by approximately 58 per cent from 2008 levels.