Aker BP

Capital/Financing Update • Oct 30, 2025

Aker BP ASA announces completion of Senior Notes Offering

Aker BP ASA announces completion of Senior Notes Offering

Aker BP ASA (the "Company") is pleased to announce that it has successfully

completed its senior notes offering (the "Offering") of $1,000 million aggregate

principal amount of 5.250% Senior Notes due 2035 (the "Notes").

The Company intends to use the net proceeds of the Offering for general

corporate purposes.

For further information, please contact:

Kjetil Bakken, VP Investor Relations, tel.: +47 918 89 889

John Ole Hægeland, VP Corporate Finance, tel.: +47 906 06 169

Cautionary Statements

This press release is for information purposes only and does not constitute a

prospectus or any offer to sell or the solicitation of an offer to buy any

security in the United States of America or in any other jurisdiction. This

press release also does not constitute an offer to purchase or the solicitation

of an offer to purchase any security in the United States of America or any

other jurisdiction. This announcement is not for public release, publication or

distribution, directly or indirectly, in or into the United States (including

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

of Columbia), except to "qualified institutional buyers" ("QIBs") as defined in

Rule 144A under the U.S. Securities Act of 1933, as amended (the "Securities

Act"). This announcement does not constitute or form a part of any offer of, or

solicitation to purchase or subscribe for, any securities in the United States.

Any such securities have not been, and will not be, registered under the

Securities Act. Any such securities may not be offered or sold in the United

States, except that the securities may be offered for sale in the United States

to QIBs in reliance on the exemption from registration under Rule 144A. No

public offering of securities will be made in the United States or in any other

jurisdiction where such an offering is restricted or prohibited.

This announcement is directed only at persons (i) outside the United Kingdom;

(ii) that have professional experience in matters relating to investments

falling within Article 19(5) of the Financial Services and Markets Act 2000

(Financial Promotion) Order 2005 (the "Order"); (iii) falling within Article

49(2)(a) to (d) ("high net worth companies, unincorporated associations etc.")

of the Order or (iv) to whom this announcement may otherwise be directed without

contravention of Section 21 of the Financial Services and Markets Act 2000 (all

such persons together being referred to as "relevant persons"). This

announcement must not be acted on or relied on by persons who are not relevant

persons. Any investment or investment activity to which this announcement

relates is available only to relevant persons and will be engaged in only with

relevant persons.

In member states of the European Economic Area ("EEA") or the United Kingdom,

this announcement is directed only at persons who are "qualified investors"

under Regulation (EU) 2017/1129, as amended, or Regulation (EU) 2017/1129 as it

forms part of United Kingdom domestic law by virtue of the European Union

(Withdrawal) Act 2018.

No PRIIPs/UK PRIIPs KID. No PRIIPs/ UK PRIIPs key information document (KID) has

been prepared as not available to retail in the EEA or the United Kingdom.

This press release may include projections and other "forward-looking"

statements within the meaning of applicable securities laws. Any such

projections or statements reflect the current views of the Company about further

events and financial performance. No assurances can be given that such events or

performance will occur as projected and actual results may differ materially

from these projections.

Neither the content of the Company's website nor any website accessible by

hyperlinks on the Company's website is incorporated in, or forms part of, this

announcement. The distribution of this announcement into certain jurisdictions

may be restricted by law. Persons into whose possession this announcement comes

should inform themselves about and observe any such restrictions. Any failure to

comply with these restrictions may constitute a violation of the securities laws

of any such jurisdiction.

About Aker BP:

Aker BP is a leading exploration and production company focused on oil and gas

operations on the Norwegian continental shelf. The company operates the Alvheim,

Edvard Grieg, Ivar Aasen, Skarv, Ula, and Valhall field centres and is a key

partner in the Johan Sverdrup field. Headquartered in Fornebu, Norway, Aker BP

is listed on the Oslo Børs under the ticker AKRBP. For more information, visit

www.akerbp.com/en.