Aker BP

Capital/Financing Update • May 27, 2016

Proposed amendments to DETNOR02 Bond Agreement approved

Proposed amendments to DETNOR02 Bond Agreement approved

Reference is made to the stock exchange notice from Det norske oljeselskap ASA

("Det norske" or "the company") on 11 May 2016 concerning the summons to a

bondholders' meeting in the DETNOR02 bond loan to request certain amendments to

the bond agreement.

The bondholders' meeting in DETNOR02 has now been held. The requested amendments

to the loan agreement were approved in accordance with the proposal made by the

company in the summons. The proposed resolution obtained 99.71% of the votes.

The effective date of the new loan agreement is 27 May 2016. The notice from

bondholders' meeting is attached in this stock exchange notice.

Contacts:

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

Media contact: Rolf Jarle Brøske, SVP Communications, tel.: +47 911 12 475

About Det norske:

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

production activities on the Norwegian Continental Shelf (NCS). We are building

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

Det norske is the operator of the producing Alvheim field and for the Ivar Aasen

field development. In addition, the company is partner in the Johan Sverdrup

field. Det norske has an active exploration programme on the Norwegian shelf and

an ambitious strategy for growth.

Det norske's headquarters are located in Trondheim, with branch offices in

Stavanger, Oslo and Harstad. Det norske is listed on Oslo Børs with 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.