Aker BP

Share Issue/Capital Change • Nov 22, 2017

AKER BP: Share capital increase registered

AKER BP: Share capital increase registered

Reference is made to the stock exchange announcement published by Aker BP ("Aker

BP" or the "Company") on 30 October 2017 regarding the private placement of

shares in the Company. Reference is also made to the Company's stock exchange

announcements published 21 November 2017 regarding the extraordinary general

meeting's resolution to authorise the board of Aker BP to increase the share

capital and the board's subsequent resolution to increase the share capital.

The Company's share capital has been increased by issuance of 22,376,438 new

shares. The share capital increase has been duly registered in the Norwegian

Register of Business Enterprises. Following the share capital increase, the

Company's registered share capital is NOK 360,113,509, divided into 360,113,509

shares, each with a nominal value of NOK 1.

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Contacts:

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

Media contact: Ole-Johan Faret, Press Spokesman, tel.: +47 402 24 217

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.