Aker BP — Capital/Financing Update 2011

Jan 13, 2011

Buy back of convertible bonds

Buy back of convertible bonds

Det norske oljeselskap ASA has bought back NOK 136,85 million of the

outstanding convertible bond issue with ticker AKX01 and ISIN

NO0010346117 in connection with the NOK 600 million bond issue completed

on 13 January 2011.

Total outstanding amount in AKX01 is now NOK 320,65 million after the

buy back.

Contacts: 

Teitur Poulsen, CFO, tel.:+47 950 82892 

Knut Evensen, VP Investor Relations, tel.: +47 950 77622