Aker BP

Capital/Financing Update • Jun 30, 2017

AKERBP: Exercises redemption right for DETNOR03 bond

AKERBP: Exercises redemption right for DETNOR03 bond

Aker BP ASA has notified Nordic Trustee ASA of its intention to exercise its

redemption right for bond issue DETNOR03 (ISIN NO 001073638.2) as per Clause

10.3 of the Bond Agreement. The entire bond issue will be repaid at 110 per cent

of par value (plus accrued interest), with settlement date 31 July 2017.

Contacts:

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

Media contact: 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.