Aker BP

Notice of Dividend Amount • Nov 24, 2016

Lysaker, 24 November 2016

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: November 28, 2016

Ex-date: November 29, 2016

Record date: November 30, 2016

Payment date: December 7, 2016

Date of approval: November 24, 2016

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 Media contact: Geir Bjørlo, Corporate Communications, tel.: +47 915 40 000

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, Skarv, Valhall, Hod, Ula and Tambar, in addition to the Ivar Aasen field development. 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.