Aker BP

Remuneration Information • Nov 7, 2025

Aker BP awards shares and issues new grants under LTIP programme

Aker BP awards shares and issues new grants under LTIP programme

Aker BP has finalised share awards under its 2022-2025 Long-Term Incentive

Programme (LTIP) and initiated new grants for the 2025-2028 cycle. The LTIP is

designed to align executive performance with long-term shareholder value

creation.

About the LTIP

The LTIP is a share-based programme for the Executive Management Team (EMT).

Grants are awarded annually, vest over three years, and are subject to a one

-year lock-up. Each grant corresponds to one underlying share, with the number

of grants equal to 20 percent of base salary divided by the Aker BP share price

at the time of award.

Final share delivery is adjusted by up to +/- 100 percent based on relative

shareholder return and dividends paid during the vesting period, as detailed in

Aker BP's Annual Report.

Completion of 2022-2025 cycle

Shares have now been awarded to EMT members in accordance with programme terms.

The final number reflects adjustments for dividend payments and relative

shareholder return performance.

New grants for 2025-2028

Effective 1 July 2025, EMT members have received new grants under the 2025-2028

LTIP cycle.

Executive Management Team LTIP awards

Name Shares awarded Grants

(2022-25) (2025-28)

Talar Arif - 1,693

Marit Blaasmo 415 2,597

Ine Dolve 521 2,422

Paula Doyle 575 3,155

Karl Johnny Hersvik 1,398 7,751

Thomas Hoff-Hansen 392 2,625

Lars Høier 524 2,898

Per Harald Kongelf 602 3,583

Marte Mogstad - 2,713

Ole Johan Molvig 535 2,879

Torbjørg Opedal - 2,258

Knut Sandvik 528 2,919

Tommy Sigmundstad 545 3,011

Petter Sørhaug - 2,558

David Tønne 544 3,640

Georg Vidnes 396 2,581

Thomas Øvretveit 361 2,349

The PDMR disclosure forms can be found in

the attachment (https://mb.cision.com/Public/1629/4258570/97d4da7bfe069b54.pdf).

Treasury shares

Aker BP will transfer 7,743 shares related to the 2022-2025 LTIP awards. After

these transfers, the company will hold 283,938 treasury shares.

Contacts:

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

Ole-Johan Faret, Press Spokesperson, tel.: +47 402 24 217

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.

This information is subject to disclosure requirements pursuant to section 5-12

of the Norwegian Securities Trading Act and requirements under the EU Market

Abuse Regulation.