AKER BP: DIVIDEND RIGHTS IN CONTEMPLATED PRIVATE PLACEMENT

Reference is made to the announcement by Aker BP ASA (the “Company”) yesterday, 30 October 2017, at 16:38 CET, regarding a contemplated private placement (the “Private Placement”) of new shares in the Company.

Investors who participate in the Private Placement are informed that the shares offered in the Private Placement will be delivered inclusive of the right to receive the cash dividend as announced by the Company yesterday, 30 October 2017, at 07:01 CET, of USD 0.185 per share, assuming that settlement of the Private Placement, by delivery and payment of shares, takes place on a delivery versus payment basis on 2 November 2017 (i.e. on T+2).

Following receipt of timely payment by investors who are allocated shares in the Private Placement, an amount corresponding to such dividend will be further paid by Nordea Bank AB (publ), filial i Norge to Aker Capital AS pursuant to a share lending agreement to be entered into between the Company, Nordea Bank AB (publ), filial i Norge and Aker Capital AS, before paying the remaining proceeds to Aker BP as the subscription price for the new shares to be issued by the Company. The issue price for the new shares will accordingly be the Private Placement price less the per share dividend.

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Investor contacts:
Jonas Gamre, VP Investor Relations, tel.: +47 971 18 292
Kjetil Bakken, IR Manager, tel.: +47 91 889 889

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

About Us

Aker BP is a fully-fledged E&P company with exploration, development and production activities on the Norwegian Continental Shelf (NCS). Measured in production, Aker BP is one of the largest independent oil companies in Europe. Aker BP is listed on Oslo Stock Exchange with ticker 'AKERBP'. More about Aker BP at www.akerbp.com/en/.

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