Det norske oljeselskap ASA: Primary Insider Notice

Reference is made to the stock exchange notice by Det norske oljeselskap ASA (to be renamed Aker BP ASA) (the “Company”) dated 10 June 2016 regarding the merger between the Company and BP Norge AS, and today’s notice announcing the closing of the transaction.

Aker Capital AS (“Aker”) has today purchased 33,809,168 shares (the “Shares”) in the Company from Amoco Norway Oil Company and BP Global Investments Ltd, against a total consideration of USD 318 million.

Following the registration of the share capital increase and delivery of the Shares to Aker, Aker owns a total of 135,098,206 shares in the Company, equalling an ownership of 40.001% of the total shares in the Company.

Contacts:
Investor contact: Jonas Gamre, VP Investor Relations, tel.: +47 971 18 292
Media contact: Geir Bjørlo, Corporate Communications, tel.: +47 915 40 000

About Det norske:
Det norske is a fully-fledged E&P company with exploration, development and production activities on the Norwegian Continental Shelf (NCS). We are building one of Europe’s largest independent E&P companies.

Det norske is the operator of the producing Alvheim field and for the Ivar Aasen field development. In addition, the company is partner in the Johan Sverdrup field. Det norske has an active exploration programme on the Norwegian shelf and an ambitious strategy for growth.

Det norske’s headquarters are located in Trondheim, with branch offices in Stavanger, Oslo and Harstad. Det norske is listed on Oslo Børs with ticker ‘DETNOR’. More about Det norske at www.detnor.no/en/.

This information is subject to disclosure requirements pursuant to section 4-2 of the Norwegian Securities Trading Act.