Aker BP

Remuneration Information • Sep 2, 2024

Grants awarded under Aker BP's Long-Term Incentive Programme

Grants awarded under Aker BP's Long-Term Incentive Programme

Aker BP's Long-Term Incentive Programme (LTIP) is designed to incentivise the

executive management team (EMT) to deliver on the company's long-term business

objectives and maximise alignment with shareholder value creation.

The LTIP is a share-based scheme in which grants are awarded annually, vested

over a three-year period, and subject to a one-year lockup. Each grant

represents one underlying share, and the number of grants awarded corresponds to

20 percent of base salary divided by the Aker BP share price at the time of the

award.

The final number of shares awarded at the end of the vesting period will be

adjusted by up to +/- 100 percent based on an assessment of relative shareholder

return as described in Aker BP's Annual Report for 2023. The number of shares

awarded will also be adjusted for dividends paid during the vesting period.

For the 2024-2027 LTIP cycle, the EMT members have been awarded grants with

effective date 1 July 2024 as set out in the table below:

Name Grants 2024

Karl Johnny Hersvik               7,094

David Torvik Tønne               3,311

Per Harald Kongelf               3,243

Paula Doyle               2,897

Tommy Sigmundstad               2,764

Ole Johan Molvig               2,669

Knut Sandvik               2,667

Lars Høier               2,661

Per Øyvind Seljebotn               2,546

Georg Vidnes               2,389

Thomas Hoff-Hansen               2,387

Marit Blaasmo               2,362

Marte Mogstad               2,281

Thomas Øvretveit               2,231

Ine Dolve               2,192

Talar Arif               1,551

Contact:

Kjetil Bakken, Head of Investor Relations, tel.: +47 918 89 889

About Aker BP:

Aker BP is a company engaged in exploration, field development and production of

oil and gas on the Norwegian continental shelf. The company operates the field

centres Alvheim, Edvard Grieg, Ivar Aasen, Skarv, Ula and Valhall, and is a

partner in the Johan Sverdrup field. Aker BP is headquartered at Fornebu,

Norway, and is listed on Oslo Børs under the ticker AKRBP. More about Aker BP at

www.akerbp.com/en.

This information is subject to disclosure requirements pursuant to section 5-12

of the Norwegian Securities Trading Act and requirements under the EU Market

Abuse Regulation.