Aker BP

AKERBP: Publication of 2018 reports

Aker BP ASA today, 18 March 2019, made public the electronic version of the

Annual Report, the Annual Statement of Reserves and the Sustainability Report

for 2018.

"2018 was a fantastic year. We are very pleased with the year's financial

results, which show a net profit of USD 476 million - an increase of 73 per

cent. Through excellent project execution, a strong cash flow from our existing

portfolio and a solid balance sheet, we have built a foundation for Aker BP's

further growth. This strength allows us to increase our dividend payment

objectives. The Board of Directors has proposed a 2019 dividend distribution

totalling USD 750 million, up from USD 450 million in 2018, and indicated its

ambition to raise dividend payouts through to 2023 by USD 100 million per year,"

says CEO Karl Johnny Hersvik.

Read the reports here:

Aker BP Annual Report

2018 (https://mb.cision.com/Public/1629/2765407/956c5fe9b2655afc.pdf)

Aker BP Sustainability Report

2018 (https://mb.cision.com/Public/1629/2765407/9b8a73988fbf3ccb.pdf)

Aker BP Annual Statement of Reserves

2018 (https://mb.cision.com/Public/1629/2765407/b43e1eecf4ace2ed.pdf)

Investor contact:

Kjetil Bakken, VP Investor Relations, tel.: +47 91 889 889

Media contact:

Tore Langballe, VP Communications, tel.: +47 907 77 841

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.

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