Aker BP

Notice of Dividend Amount • May 6, 2020

Key information relating to the cash dividend to be paid by Aker BP ASA

Key information relating to the cash dividend to be paid by Aker BP ASA

Dividend amount: USD 0.1967 per share (NOK 2,02683 per share)

Declared currency: USD

Last day of trading including right: 7 May 2020

Ex-date: 8 May 2020

Record date: 11 May 2020

Payment date: 22 May 2020

Date of approval: 5 May 2020

As per the updated loan agreement in the DETNOR02 bond loan (ISIN: NO

001068414.5), clause 12.4, bondholders have an option to put bonds at 107% of

the dividend distribution amount. A distribution event notice will be sent to

bondholders on the dividend payment date.

Contacts:

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

Media contact: Ole-Johan Faret, Press Spokesman, 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

'AKERBP'. 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.