Aker BP

Aker BP ASA announces pricing of inaugural Euro Senior Notes Offering

Aker BP ASA is pleased to announce that it has priced an offering of EUR 750

million Senior Notes under Aker BP ASA's recently established Euro Medium Term

Note programme. The Notes mature in May 2029 and carry an annual fixed coupon of

1.125%. The issue price was 99.356, equivalent to a yield of 1.21%. The offering

will settle on 12 May 2021.

The Notes will be listed on the regulated market of the Luxembourg Stock

Exchange and the use of proceeds are for general corporate purposes.

The Joint Bookrunners for the transaction are ABN AMRO, BNP Paribas, Danske

Bank, Nordea and Unicredit.

For further information, please contact:

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

John Ole Hægeland, VP Corporate Finance, tel.: +47 906 06 169

This announcement does not constitute an offer to sell or the solicitation of an

offer to buy any securities of Aker BP ASA nor shall there be any sale of these

securities in any jurisdiction in which such offer, solicitation or sale would

be unlawful prior to registration or qualification under the securities laws of

such jurisdiction.

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

of the Norwegian Securities Trading Act.

About Aker BP:

Aker BP is an independent E&P company with exploration, development and

production activities on the Norwegian Continental Shelf. Aker BP is the

operator of Alvheim, Ivar Aasen, Skarv, Valhall, Hod, Ula and Tambar. The

company is also a partner in the Johan Sverdrup field. Aker BP is headquartered

at Fornebu, Norway, and is listed on the Oslo Stock Exchange under the ticker

'AKRBP'. More about Aker BP at www.akerbp.com.

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