Aker BP

Transaction in Own Shares • Jul 10, 2023

Termination of SDR programme and buyback of shares

Termination of SDR programme and buyback of shares

On 5 June 2023, Aker BP announced its intention to terminate its Swedish

Depository Receipt (SDR) programme, and that it had entered into an irrevocable

agreement with Skandinaviska Enskilda Banken AB (publ) Oslofilialen (SEB) to

acquire the outstanding Aker BP shares representing the remaining SDRs.

The price to be paid was agreed to be the volume-weighted average share price

(VWAP) based on all transactions carried out and reported on the Oslo Stock

Exchange for the period starting on market opening on 26 June 2023 and ending

after market close on 7 July 2023.

The pricing period has now ended, resulting in a VWAP of NOK 254.1734. The

number of shares remaining under the SDR programme is 1,361,646.

As a result, Aker BP will now purchase 1,361,646 own shares for a total

consideration of NOK 346,094,193.42 (NOK 254.1734 per share). After this

transaction, Aker BP holds 1,590,711 own shares, representing 0.25 percent of

the company's share capital.

Payment to the SDR holders is expected to take place on or about 14 July 2023,

as previously announced.

Contacts:

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.

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.