BP PLC — AGM Information 2007

Apr 13, 2007

News Details

Ad-hoc | 13 April 2007 14:29

BP p.l.c.: Items of Special Business – BP p.l.c. 2007 Annual General Meeting

BP p.l.c. / Miscellaneous

Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

---

Items of Special Business - BP p.l.c. 2007 Annual General Meeting

The following items of special business were passed at the BP p.l.c. Annual
General Meeting held on 12 April 2007:

Resolution 20 – Political donations and political expenditure
To authorize, during a four-year period ending on 11 April 2011 or the date
of the annual general meeting in 2011, whichever is the earlier, but
subject always to the financial limits set out below:

(a) the company and its wholly owned subsidiary, BP International Limited,
for the purposes of Part XA of the Companies Act 1985 (as and when Part XA
affects those companies), to make donations to European Union (EU)
political organisations, and to incur EU political expenditure, and

(b) each of the company and BP International Limited for the purposes of
Part 14 of the Companies Act 2006 (as and when Part 14 affects those
companies) to make donations or incur expenditure under one or more or all
of the following heads, namely (i) donations to political parties or
independent election candidates, (ii) donations to political organisations
other than political parties and (iii) political expenditure

The authority under paragraph (a) above shall only permit donations or
expenditure in an aggregate amount not exceeding £100,000 per annum. The
authority under paragraph (b) above shall only permit donations or
expenditure by the company to a maximum of £400,000 under each of its
heads, and shall only permit donations or expenditure by BP International
Limited to a maximum amount of £400,000 under each of its heads, and in
addition the aggregate amount of donations or expenditure by both the
company and BP International Limited under that authority shall not exceed
£100,000 per annum in total.

Resolution 21 – Use of electronic communications
To authorize the company generally and unconditionally to use electronic
communications with its shareholders and in particular to authorize the
company to send or supply documents or information to its shareholders by
making them available on a website.

Resolution 22 – Share buyback
To authorize the company generally and unconditionally to make market
purchases (as defined in Section 163(3) of the Companies Act 1985) of
ordinary shares with nominal value of $0.25 each in the company, provided
that:

(a) the company does not purchase under this authority more than 1.95
billion ordinary shares;

(b) the company does not pay less than $0.25 for each share; and

(c) the company does not pay more for each share than 5% over the average
of the middle market price of the ordinary shares for the five business
days immediately preceding the date on which the company agrees to buy the
shares concerned, based on share prices and currency exchange rates
published in the Daily Official List of the London Stock Exchange.

In executing this authority, the company may purchase shares using any
currency, including pounds sterling, US dollars, and euros.
This authority shall continue for the period ending on the date of the
annual general meeting in 2008 or 11 July 2008, whichever is the earlier,
provided that, if the company has agreed before this date to purchase
ordinary shares where these purchases will or may be executed after the
authority terminates (either wholly or in part), the company may complete
such purchases.

Resolution 23– Directors’ authority to allot shares (Section 80)
To renew, for the period ending on the date of the annual general meeting
in 2008 or 11 July 2008, whichever is the earlier, the authority and power
conferred on the directors by Article 13 of the company’s Articles of
Association to allot relevant securities up to an aggregate nominal amount
equal to the Section 80 Amount of $1,626 million.

Resolution 24 – Directors’ authority to allot shares (Section 89)
To renew, for the period ending on the date of the annual general meeting
in 2008 or 11 July 2008, whichever is the earlier, the authority and power
conferred on the directors by Article 13 of the company’s Articles of
Association to allot equity securities wholly for cash (a) in connection
with a rights issue; (b) otherwise than in connection with a rights issue
up to an aggregate nominal amount equal to the Section 89 Amount of $244
million.

DGAP 13.04.2007

Language: English
Issuer: BP p.l.c.
1 St James's Square
SW1Y 4PD London Großbritannien
Phone: +44 (0) 207-496-4000
Fax: +44 (0) 207-496-4570
E-mail: ir@bp.com
www: www.bp.com
ISIN: GB0007980591
WKN: 850517
Indices:
Listed: Amtlicher Markt in SWX; Freiverkehr in Berlin-Bremen,
Stuttgart, München, Hamburg, Düsseldorf; Open Market in
Frankfurt

End of News DGAP News-Service

---