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Aker BP

Regulatory Filings • Feb 4, 2021

3528_rns_2021-02-04_fc9bb6d6-b6c9-4a0f-a93b-54b49d5ba070.pdf

Regulatory Filings

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Moody's upgrades Aker BP to Baa3 with stable outlook

Aker BP is pleased to announce that Moody's Investor Service today has upgraded its long-term issuer rating of Aker BP from Ba1 to Baa3 with stable outlook. With this assignment, Aker BP is now investment grade rated by S&P Global Ratings, Fitch Ratings and Moody's Investor Service, all with stable outlook.

Contacts:

Kjetil Bakken, VP Investor Relations, tel.: +47 918 89 889 John Ole Hægeland, VP Corporate Finance, tel.: +47 906 06 169

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 ofAlvheim, IvarAasen, 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 'AKRBP'. More aboutAker BP at www.akerbp.com.