Aker - Major Shareholding Notification 2016

Det norske oljeselskap ASA: Primary Insider Notice

Reference is made to the stock exchange notice by Det norske oljeselskap ASA (to

be renamed Aker BP ASA) (the "Company") dated 10 June 2016 regarding the merger

between the Company and BP Norge AS, and today's notice announcing the closing

of the transaction.

Aker Capital AS ("Aker") has today purchased 33,809,168 shares (the "Shares") in

the Company from Amoco Norway Oil Company and BP Global Investments Ltd, against

a total consideration of USD 318 million.

Aker's acquisition of the Shares will be partially financed with a new USD 250

million loan from SEB to Aker Capital AS. The credit facility is a 3 + 1 +1 year

bullet-term loan, secured by a pledge of the Shares.

Following the registration of the share capital increase and delivery of the

Shares to Aker, Aker owns a total of 135,098,206 shares in the Company,

equalling an ownership of 40.001% of the total shares in the Company.

***

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

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