Aker BP

Notice of Dividend Amount • Oct 30, 2017

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

Dividend amount: USD 0.185 per share

Declared currency: USD

Last day of trading including right: October 31, 2017

Ex-date: November 1, 2017

Record date: November 2, 2017

Payment date: November 9, 2017

Date of approval: October 27, 2017

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.

This information is published in accordance with the requirements of the Continuing Obligations.

Contacts:

Investor contact: Jonas Gamre, VP Investor Relations, tel.: +47 971 18 292 Investor contact: Kjetil Bakken, Investor Relations Manager, tel.: +47 918 89 889 Media contact: Tore Langballe, VP Communication, tel.: +47 934 82 060

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.