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 7 December 2016 (the “Distribution Event Date”), the Issuer made a distribution to its shareholders in the aggregate amount of NOK 524,668,750. This notice constitutes a Distribution Event Notice. The Leverage Ratio