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Summary of Proposed Terms of Employment - Mr Marius Kloppers

Number 28/07

The Board of BHP Billiton today announced the terms of employment for incoming Chief Executive Officer, Marius Kloppers.  The contract will be effective from the start of his term as CEO on 1 October 2007.

In announcing the details, BHP Billiton Chairman, Don Argus, said that the terms reflected the Group's remuneration policy, with a significant portion of the total potential remuneration being 'at risk' and subject to the Group's performance.

A summary of the key terms of the contract is set out in the attached schedule.  Details of the contract will also be included in the Remuneration Report that will form part of the Group's Annual Report due to be published on 26 September.  Shareholders will be invited to consider and approve the Remuneration Report at the annual general meetings to be held in London on 25 October and Adelaide on 28 November 2007.

For further information please contact:

Australia
Samantha Evans, Media Relations
Tel: +61 3 9609 2898  Mobile: +61 400 693 915
email: Samantha.Evans@bhpbilliton.com

Jane Belcher, Investor Relations
Tel: +61 3 9609 3952  Mobile: +61 417 031 653
email: Jane.H.Belcher@bhpbilliton.com

United Kingdom
Mark Lidiard, Investor & Media Relations
Tel: +44 20 7802 4156  Mobile: +44 7769 934 942
email: Mark.Lidiard@bhpbilliton.com

Illtud Harri, Media Relations
Tel: +44 20 7802 4195  Mobile: +44 7920 237 246
email: Illtud.Harri@bhpbilliton.com

United States
Tracey Whitehead, Investor & Media Relations
Tel: US +1 713 599 6100 or UK +44 20 7802 4031
Mobile: +44 7917 648 093
email: Tracey.Whitehead@bhpbilliton.com

South Africa 
Alison Gilbert, Investor Relations
Tel: SA +27 11 376 2121 or UK +44 20 7802 4183
Mobile: +44 7769 936 227
email: Alison.Gilbert@bhpbilliton.com

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