Aker BP - Capital/Financing Update 2014

Exercise of call option for bond loan DETNOR01

Det norske oljeselskap ASA (DETNOR) has notified Norsk Tillitsmann that

the Company is exercising its call option for Bond issue DETNOR01 (ISIN

NO 001059878.2) of NOK 600 million. The entire Bond will be repaid at

104.00 per cent of par value (plus accrued interest). Settlement date is

expected to be on November 4, 2014.

Contact:

Investor Relations Manager, Jonas Gamre, tel.: +47 971 18 292

About Det norske:

Det norske is a fully-fledged E&P company with exploration, development

and production activities on the Norwegian Continental Shelf. We are

building one of Europe's largest independent E&P companies.

Det norske is the operator for the Ivar Aasen field development, and is

partner in the Johan Sverdrup field. The company has an ambitious

strategy for continued growth, and has recently entered into an

agreement to acquire Marathon Oil in Norway *. This acquisition will

result in considerable production growth for the company. At the same

time, Det norske continues its active exploration programme on the

Norwegian shelf.

Det norske is listed on Oslo Børs (DETNOR). Det norske's headquarters

are located in Trondheim, with branch offices in Oslo and Harstad.

Following the acquisition of Marathon in Norway, we will also have a

Stavanger office. More about Det norske at www.detnor.no/en/.

This information is subject to disclosure requirements pursuant to

section 5-12 of the Norwegian Securities Trading Act.

* Subject to approval by the authorities.

AI assistant