Aker BP

Major Shareholding Notification • Jul 17, 2014

Primary Insider Notice

Primary Insider Notice

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 on-going rights issue in Det norske oljeselskap

ASA (the "Company") (the "Rights Issue").

Aker Capital AS is a primary insider in the Company and currently holds

70 339 610 shares in the Company. Today Aker Capital AS has exercised

its subscription rights for 30 949 428 new shares in the Rights Issue,

equalling the number of subscription rights granted to Aker Capital AS

in its capacity as shareholder in the Company.

Following the allocation of the new shares in the Rights Issue and

registration of the new shares with the Norwegian Register of Business

Enterprises, Aker Capital AS will hold 101 289 038 shares in the

Company, equalling an unchanged ownership of 49.99% of the total shares

in the Company.

***

This announcement is not for publication or distribution, directly or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.

This information is subject to disclosure requirements pursuant to

section 5-12 of the Norwegian Securities Trading Act.

About Det norske:

Det norske oljeselskap ASA (DETNOR) is an active exploration company on

the Norwegian Continental Shelf. Det norske's headquarters is in

Trondheim. The company also has offices in Oslo and Harstad. Det norske

is listed on the Oslo Stock Exchange with the ticker "DETNOR". More

about Det norske at www.detnor.no/en/