DETNOR02: Distribution event notice
To the bondholders in the Det norske oljeselskap ASA 13/20 FRN (ISIN NO 001068414.5) (the “Bond Issue”) issued by Aker BP ASA (the “Issuer”) pursuant to the bond agreement dated originally dated 1 July 2013 and as amended and restated from time to time (the “Bond Agreement”)All capitalized terms used herein shall have the meaning assigned to them in the Bond Agreement. On 17 February 2017 (the “Distribution Event Date”), the Issuer made a distribution to its shareholders in the aggregate amount of NOK 524,175,000. This notice constitutes a Distribution Event Notice. The Leverage Ratio