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Aker BP

Major Shareholding Notification • Feb 22, 2018

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Major Shareholding Notification

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Aker BP ASA: Primary insider notice and notification of shareholding

BP Global Investments Limited ("BPGIL") has on 20 February 2018 entered into an agreement to transfer 108,021,449 shares in Aker BP ASA (the "Company"), constituting 30.0% of the issued shares and voting rights in the Company, to BP Exploration Operating Company Limited ("BPEOC") against a consideration of USD 16.29 per share.

Following the share transfer, BPEOC will own 108,021,449 shares in the Company, constituting 30.0% of the issued shares and voting rights in the Company, and BPGIL will not own any shares in the Company.

Both BPGIL and BPEOC are ultimately owned by BP plc ("BP"). Consequently, following the share transfer BP will continue to be the ultimate holder of 108,021,449 shares in the Company, constituting 30.0% of the issued shares and voting rights in the Company.

BP is represented on the Company's board of directors.