BHP BILLITON (BHP $70.74, rated OVERWEIGHT and Price Target reduced to $89 from $130 per ADS) WEAKER THAN EXPECTED IRON ORE, MET COAL AND THERMAL COAL RESULTS DRIVE PRICE TARGET DOWN TO $89 FROM $130 9/10/2010

BHP BILLITON (BHP $70.74, rated OVERWEIGHT and Price Target reduced to $89
from $130 per ADS) WEAKER THAN EXPECTED IRON ORE, MET COAL AND
THERMAL COAL RESULTS DRIVE PRICE TARGET DOWN TO $89 FROM $130 9/10/2010