Merger plan signed with wholly owned subsidiary
Reference is made to previous announcements regarding the consolidation of former Lundin Energy subsidiaries into Aker BP ASA ("Aker BP"). As a next and final step, a merger is proposed between Aker BP as the surviving entity and ABP Norway AS ("ABPN"), a wholly owned Norwegian subsidiary. The proposed merger will be executed without any consideration in accordance with simplified rules on parent-subsidiary mergers. Upon completion of the merger, Aker BP will assume all assets, rights and obligations of ABPN without consideration, and ABPN will simultaneously be dissolved. The