Aker BP

Share Issue/Capital Change • Aug 6, 2014

Det norske oljeselskap ASA: Issue of New Shares; Commencement of Trading

Det norske oljeselskap ASA: Issue of New Shares; Commencement of Trading

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE

UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR

RELEASE WOULD BE UNLAWFUL

Reference is made to the previous announcements by Det norske

oljeselskap (the "Company") in respect of the rights issue of 61,911,239

new shares in the Company (the "Rights Issue").

The share capital increase pertaining to the Rights Issue has now been

registered in the Norwegian Register of Business Enterprises (Nw.

Foretaksregisteret), and the Rights Issue has thus been completed.

The Company's new share capital is NOK 202,618,602 divided into

202,618,602 shares, each with a nominal value of NOK 1.

The new shares issued in the Rights Issue will be registered on the

respective subscribers' VPS accounts and be tradable on the Oslo Stock

Exchange from and including 6 August 2014, subject to the relevant

subscriber having paid the subscription amount.

Investor contacts:

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

Håkon Høgetveit, Investor Relations, tel.: +47 476 29 348

***

This announcement is not for publication or distribution, directly or

indirectly, in the United States (including its territories and

possessions, any state of the United States and the District of

Columbia). This announcement does not constitute or form part of any

offer or solicitation to purchase or subscribe for securities in the

United States. Securities may not be offered or sold in the United

States absent registration or an exemption from registration. The

securities referred to herein have not been and will not be registered

under the U.S. Securities Act of 1933, as amended (the "U.S. Securities

Act"), or with any securities regulatory authority of any state or other

jurisdiction of the United States, and may not be offered or sold in the

United States or to, or for the account of, U.S. persons (as such term

is defined in Regulation S under the U.S. Securities Act), except

pursuant to an effective registration statement under, or an exemption

from the registration requirements of, the U.S. Securities Act. All

offers and sales outside the United States will be made in reliance on

Regulation S under the U.S. Securities Act. No public offering of

securities is being made in the United States.

About Det norske:

Det norske is a fully-fledged E&P company with exploration, development

and production activities on the Norwegian Continental Shelf. We are

building one of Europe's largest independent E&P companies.

Det norske is the operator for the Ivar Aasen field development, and is

partner in the Johan Sverdrup field. The company has an ambitious

strategy for continued growth, and has recently entered into an

agreement to acquire Marathon Oil in Norway *. This acquisition will

result in considerable production growth for the company. At the same

time, Det norske continues its active exploration programme on the

Norwegian shelf.

Det norske is listed on Oslo Børs (DETNOR). Det norske's headquarters

are located in Trondheim, with branch offices in Oslo and Harstad.

Following the acquisition of Marathon in Norway, we will also have a

Stavanger office. More about Det norske at www.detnor.no/en/.

This information is subject to disclosure requirements pursuant to

section 5-12 of the Norwegian Securities Trading Act.

* Subject to approval by the authorities.