Aker BP — M&A Activity 2017

Dec 1, 2017

Information memorandum published

Information memorandum published

Reference is made to the stock exchange notices on 24 October 2017 regarding the

acquisition of Hess Norge AS (the "Transaction").

The Company has today published an information memorandum in this regard. The

Transaction is subject to customary conditions for completion, including

approval by the Ministry of Oil and Energy, Ministry of Finance and relevant

competition clearance. The effective date of the transaction will be 1 January

2017, and closing is expected by the end of 2017. For further information see

the information memorandum.

The information memorandum is attached and is also available on www.akerbp.com

and at the Company's headquarters in Fornebu.

Aker BP ASA Information Memorandum 1 December

2017 (http://mb.cision.com/Public/1629/2405182/b1f0732c33ea9299.pdf)

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Investor contacts:

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

Media contact:

Tore Langballe, VP Communications, tel.: +47 907 77 841

About Aker BP:

Aker BP is a fully-fledged E&P company with exploration, development and

production activities on the Norwegian Continental Shelf. Aker BP is the

operator of Alvheim, Ivar Aasen, Skarv, Valhall, Hod, Ula and Tambar. The

company is also a partner in the Johan Sverdrup field. Aker BP is headquartered

at Fornebu, Norway, and is listed on the Oslo Stock Exchange under the ticker

'AKERBP'. More about Aker BP at www.akerbp.com.

This information is subject to disclosure requirements pursuant to section 5-12

of the Norwegian Securities Trading Act.