Aker BP — M&A Activity 2016

Sep 30, 2016

Trondheim, 30 September 2016

Det norske oljeselskap ASA: Scheduled closing of BP Norge transaction; Change of company name and ticker

Reference is made to previous stock exchange notices by Det norske oljeselskap ASA (the "Company") regarding the acquisition of BP Norge AS (the "Transaction").

The closing of the Transaction is scheduled to take place today, 30 September 2016.

On the closing date, the Company will change its name to Aker BP ASA and register this with the Norwegian Register of Business Enterprises (Nw. Foretaksregisteret).

Pursuant to the above, the Company's shares will from and including 3 October 2016, trade under the new name Aker BP ASA and the new ticker symbol "AKERBP" on Oslo Børs. The Company's ISIN NO0010345853 will remain unchanged.

Contacts:

Investor contact: Jonas Gamre, VP Investor Relations, tel.: +47 971 18 292 Media contact: Geir Bjørlo, Corporate Communications, tel.: +47 915 40 000

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.