Aker BP

Transaction in Own Shares • Dec 22, 2017

Sale of 10 percent interest in Valhall and Hod completed

Sale of 10 percent interest in Valhall and Hod completed

Reference is made to the stock exchange notice dated 4 December 2017 regarding

Aker BP's agreement to sell 10 percent interest in the Valhall and Hod fields to

Pandion Energy AS. All closing conditions have been fulfilled, and the closing

of the transaction took place on 22 December 2017.

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Investor contacts:

Jonas Gamre, VP Investor Relations, tel.: +47 971 18 292

Kjetil Bakken, IR Manager, tel.: +47 91 889 889

Media contact:

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

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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.