Aker BP

AKER BP: DIVIDEND RIGHTS IN CONTEMPLATED PRIVATE PLACEMENT

Reference is made to the announcement by Aker BP ASA (the "Company") yesterday,

30 October 2017, at 16:38 CET, regarding a contemplated private placement (the

"Private Placement") of new shares in the Company.

Investors who participate in the Private Placement are informed that the shares

offered in the Private Placement will be delivered inclusive of the right to

receive the cash dividend as announced by the Company yesterday, 30 October

2017, at 07:01 CET, of USD 0.185 per share, assuming that settlement of the

Private Placement, by delivery and payment of shares, takes place on a delivery

versus payment basis on 2 November 2017 (i.e. on T+2).

Following receipt of timely payment by investors who are allocated shares in the

Private Placement, an amount corresponding to such dividend will be further paid

by Nordea Bank AB (publ), filial i Norge to Aker Capital AS pursuant to a share

lending agreement to be entered into between the Company, Nordea Bank AB (publ),

filial i Norge and Aker Capital AS, before paying the remaining proceeds to Aker

BP as the subscription price for the new shares to be issued by the Company. The

issue price for the new shares will accordingly be the Private Placement price

less the per share dividend.

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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.

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