Aker BP — Capital/Financing Update 2014

Jul 3, 2014

Rights Issue resolved by the General Meeting

Rights Issue resolved by the General Meeting

An Extraordinary General Meeting of the shareholders of Det norske

oljeselskap ASA (the "Company") was held today, 3 July 2014 at 17:00

hours (CET).

The Extraordinary General Meeting resolved the proposed rights issue

(the "Rights Issue") of new shares in the Company as announced on 2 June

2014. Please find attached the minutes of the Extraordinary General

Meeting.

The further terms and conditions for the Rights Issue will be determined

by the Board of Directors of the Company and detailed in a prospectus to

be published following approval of such prospectus by the Norwegian

Financial Supervisory Authority, expected to be in mid-July.

***

This announcement is not for publication or distribution, directly or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.

For more information please contact:

Investor contact: Investor Relations Manager, Jonas Gamre, tel.: 971

18 292

This information is subject to disclosure requirements pursuant to

section 5-12 of the Norwegian Securities Trading Act.

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/