Issued by: BHP Billiton Plc

__________________________________________________________________________________

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_______________

FORM 6-K

REPORT OF FOREIGN ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 OF

THE SECURITIES EXCHANGE ACT OF 1934

For the Date of  27 March 2003

BHP Billiton Limited

ABN 49 004 028 077

600 Bourke Street

Melbourne Victoria 3000

Australia

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F X   Form 40-F  

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934

 

Yes     No X

If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):


 

Issued by: BHP Billiton Plc

To: Company Announcements Office
The London Stock Exchange
Old Broad Street
London EC2N 1HP
United Kingdom

Company Announcements Office
The Australian Stock Exchange
4th Floor, 20 Bridge Street
Sydney NSW 2000
Australia

cc: New York Stock Exchange
Swiss Stock Exchange
New Zealand Stock Exchange
Johannesburg Stock Exchange
Paris Bourse (Euronext)
Deutsche Bank

 

Date: 27 March 2003

For Release: Immediately

Contact: Ines Watson +44 (0)20 7802 4176

Notification of Major Interests in Shares

The following notification was received on 26 March 2003 by BHP Billiton Plc in a letter from Old Mutual plc dated 26 March 2003 relating to major interests in shares of BHP Billiton Plc as at 21 March 2003:

"Disclosure under s 198 - 212 Companies Act

Please find notification pursuant to Section 198 of the Companies Act 1985, that as at 21st March 2003, Old Mutual Plc and its direct and indirect subsidiaries had a material interest in 120,425,765 ordinary shares of BHP Billiton plc, representing 4.88% of the issued share capital. The shares are registered as per the attached schedule.

Although the disclosure concerns the position as at close of business on Friday 21st March, please note that a net increase in holdings by Old Mutual Asset Managers (South Africa) (Pty) Ltd (on behalf of its clients) of 23,270,300 on 17th March 2003 took Old Mutual Plc's aggregate holdings above 4%."

Registered holdings of BHP Billiton Plc share capital by Old Mutual Companies at 21 March 2003

Total Shares issued

Number of Shares

Company

Registered Holder

2,468,147,002

62,108,585

Old Mutual Asset Managers (South Africa) (Pty) Ltd

Old Mutual Life Assurance Company (South Africa) Ltd

 

0

Old Mutual Asset Managers (South Africa) (Pty) Ltd

Rodina Investments (Pty) Ltd

 

0

PeregrineQuant (Pty) Ltd (Not an Old Mutual Company)

Old Mutual Life Assurance Company (South Africa) Ltd

 

0

Coronation Fund Managers Ltd (Not an Old Mutual Company)

Old Mutual Life Assurance Company (South Africa) Ltd

 

1,151,547

Old Mutual Asset Managers (South Africa) (Pty) Ltd

Old Mutual Unit Trusts (SA) Limited

 

25,555,504

Old Mutual Asset Managers (South Africa) (Pty) Ltd

Old Mutual Asset Managers (South Africa) (Pty) Ltd (Managed Fund Client Assets)

 

86,000

Old Mutual Asset Managers (South Africa) (Pty) Ltd

Omnibon No 13 (Pty) Limited

 

354,183

Old Mutual Asset Managers (Namibia) (Pty) Ltd

Old Mutual Life Assurance Company (Namibia) Ltd

 

232,849

Old Mutual Asset Managers (Namibia) (Pty) Ltd

Old Mutual Holdings (Namibia) (Pty) Ltd

 

112,125

Old Mutual Asset Managers (Namibia) (Pty) Ltd

Old Mutual Asset Managers (Namibia) (Pty) Ltd (Managed Fund Client Assets)

 

6,089

Old Mutual Asset Managers (South Africa) (Pty) Ltd

Old Mutual Unit Trusts (Namibia) Limited

 

3,705,874

Old Mutual Asset Managers (Bermuda) Ltd

Old Mutual Global Asset Fund

 

10,409,248

Old Mutual Asset Managers (Bermuda) Ltd

Old Mutual South Africa Equity Trust Limited

 

871,406

Old Mutual Asset Managers (Bermuda) Ltd

Old Mutual South African Trust Plc

 

5,373,054

Quantitive Asset Management

Nedbank Nominees Ltd

 

82,845

Quantitive Asset Management

Standard Bank Nominees Ltd

 

204,707

Syfrets Securities

Syfrets Securities Nominees (Pty) Ltd

 

5,235,100

Franklin Templeton/NIB Investments

Nedcor Bank Nominees Ltd and Standard Bank Nominees (Pty) Ltd

 

481,879

Nedcor Investment Bank Multi Manager

Standard Bank Nominees (Pty) Limited

 

5,101

Nedcor Investment Bank Securities

Marser Nominees (Pty) Limited

 

1,091,288

Mutual & Federal Limited

Mutual & Federal Limited

 

114,634

Mutual & Federal Namibia Limited

Mutual & Federal Namibia Limited

 

411,651

CGU Insurance

CGU Insurance

 

212,850

CGU Holdings

CGU Holdings

 

106,425

Sentrasure

Sentrasure

 

292,199

Quaystone Ltd

ABSA Nominees Ltd

 

360,131

Quaystone Ltd

Nedcor Bank Nominees Ltd

 

1,860,491

Quaystone Ltd

Standard Bank Nominees (Transvaal) (Pty) Limited

 

   
 

120,425,765

 

4.88%

 

BHP Billiton Limited ABN 49 004 028 077
Registered in Australia
Registered Office: 600 Bourke Street Melbourne Victoria 3000
Telephone +61 3 9609 3333 Facsimile +61 3 9609 3015

BHP Billiton Plc Registration number 3196209
Registered in England and Wales
Registered Office: Neathouse Place London SW1V 1BH United Kingdom
Telephone +44 20 7802 4000 Facsimile +44 20 7802 4111

The BHP Billiton Group is headquartered in Australia

 

__________________________________________________________________

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

BHP BILLITON LIMITED
/s/ KAREN WOOD
________________________________

Karen Wood
Title: Company Secretary
Date: 27 March 2003