Aker BP

Aker BP completes refinancing of existing credit facilities

Aker BP has successfully refinanced its existing revolving credit facilities

through a syndicate of international banks.

"This refinancing further strengthens our financial position and provides

increased flexibility to support Aker BP's strategic ambitions. We are pleased

with the strong interest from our banking partners and the competitive terms

achieved,"said David Tønne, Chief Financial Officer of Aker BP.

The new facility totals USD 3,225 million, and is structured as follows

· A Liquidity Facility of USD 2 billion, maturing in 2030, with options that

could extend maturity to 2032

· A Working Capital Facility of USD 1,225 million, maturing in 2028, with an

option to extend to 2029

Both facilities were oversubscribed.

Contacts:

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

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

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

AI Terminal