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Aker BP

Capital/Financing Update • Nov 26, 2019

3528_rns_2019-11-26_92fef84e-21be-46e6-ac12-2cc425b9b7a0.html

Capital/Financing Update

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DETNOR02: Distribution Put Option Expired

Reference is made to the stock exchange notice from Aker BP ASA ("Aker BP") dated 08 November 2019 relating to a Distribution Put Option in Det norske oljeselskap ASA 13/20 FRN (ISIN NO 001068414.5). The deadline to exercise the Distribution Put Option at 107% of par plus accrued interest was set to 22 November 2019, and Aker BP has now obtained the results from the Distribution Put Option. Bondholders representing NOK 1,880,072 nominal worth of DETNOR02 have exercised their put option. Aker BP will not cancel the bonds, and the gross nominal amount of DETNOR02 will thus remain NOK 1.900 million. Aker BP holds NOK 9,570,640 nominal worth of DETNOR02.