Aker BP — Capital/Financing Update 2014

Jul 24, 2014

Det norske oljeselskap ASA: Rights Issue: Last day of trading in Subscription Rights

Det norske oljeselskap ASA: Rights Issue: Last day of trading in Subscription Rights

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE

UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR

RELEASE WOULD BE UNLAWFUL

Reference is made to the previous announcements by Det norske

oljeselskap (the "Company") in respect of the rights issue of 61,911,239

new shares in the Company (the "Rights Issue").

The period for trading in subscription rights (DETNOR T) for the Rights

Issue expires today, 24 July 2014 at 16:30 hours (CET).

Subscription rights for participation in the Rights Issue can be

exercised during the on-going subscription period, which will expire on

29 July 2014 at 16:30 hours (CET).

Subscription rights that are not used to subscribe for new shares before

the expiry of the subscription period (29 July at 16:30 hours (CET)) or

that are not sold before 24 July 2014 at 16:30 hours (CET) will have no

value and will lapse without compensation to the holder.

For more information, please refer to the prospectus for the Rights

Issue dated 9 July 2014.

Investor contacts:

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

Håkon Høgetveit, Investor Relations, tel.: +47 476 29 348

***

This announcement is not for publication or distribution, directly or

indirectly, in the United States (including its territories and

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

Columbia). This announcement does not constitute or form part of any

offer or solicitation to purchase or subscribe for securities in the

United States. Securities may not be offered or sold in the United

States absent registration or an exemption from registration. The

securities referred to herein have not been and will not be registered

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

Act"), or with any securities regulatory authority of any state or other

jurisdiction of the United States, and may not be offered or sold in the

United States or to, or for the account of, U.S. persons (as such term

is defined in Regulation S under the U.S. Securities Act), except

pursuant to an effective registration statement under, or an exemption

from the registration requirements of, the U.S. Securities Act. All

offers and sales outside the United States will be made in reliance on

Regulation S under the U.S. Securities Act. No public offering of

securities is being made in the United States.

About Det norske:

Det norske oljeselskap ASA (DETNOR) is an active exploration company on

the Norwegian Continental Shelf. Det norske's headquarters is in

Trondheim. The company also has offices in Oslo and Harstad. Det norske

is listed on the Oslo Stock Exchange with the ticker "DETNOR". 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.