Aker BP

Legal Proceedings Report • Feb 15, 2021

Possible strike could affect Johan Sverdrup production

Possible strike could affect Johan Sverdrup production

Aker BP notes the announcement from Equinor ASA regarding potential strike

action by the Norwegian labour union SAFE, in relation to certain workers at the

Mongstad terminal in Norway, from midnight on Monday 15 February 2021. This

potential strike action could affect the storage capacity for the oil export

from the Johan Sverdrup field and it could be necessary to shut down production

from the field until further notice.

It is hoped that the Norwegian Oil and Gas Association (NOROG) and SAFE, in the

intervening period, will reach a settlement and avert a temporary shutdown of

Johan Sverdrup.

None of Aker BP's other producing fields would be impacted by the potential SAFE

strike action.

Contacts:

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

Ole-Johan Faret, Press Spokesperson, tel.: +47 402 24 217

About Aker BP:

Aker BP is a fully-fledged 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.

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

of the Norwegian Securities Trading Act.