AKRBP: Potential block sale of existing shares in Aker BP ASA

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG, JAPAN OR
ANY JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE
UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE
SECURITIES DESCRIBED HEREIN.

4 November 2026

Aker BP ASA ("Aker BP" or the "Company") has been informed that BP Exploration
Operating Company Limited ("bp" or the "Seller") has retained Barclays as Sole
Global Coordinator and Bookrunner and DNB Carnegie as Co-Bookrunner (together,
the "Managers") to explore a potential block sale of existing shares in the
Company through an accelerated bookbuilding process (the "Offering"). bp is
contemplating selling shares representing approximately 5% of the shares
outstanding in the Company. bp reserves the right, at its own discretion, to
sell fewer shares or no shares at all in the Offering.

The Offering will close no later than 5 November 2026 at 08:00 CET. The Offering
may close earlier or later at the discretion of bp. The Offering is expected to
be priced and allocated before 09:00 CET on 5 November 2026 (T). Settlement of
the Offering will be conducted on a normal delivery-versus-payment basis (DVP
T+2).

bp currently holds 100,302,878 shares in the Company, representing approximately
15.9% of the shares outstanding. Following completion of the Offering, bp will
enter into a 90-day lock-up for the shares it currently holds in the Company
that are not sold as part of the Offering, subject to customary exemptions.

For more information about the Offering, please contact one of the Managers:
Barclays - Sole Global Coordinator and Bookrunner: +44 (0)20 7623 2323

DNB Carnegie - Co-Bookrunner: +47 (0)24 1690 20
Important notices:
This announcement is not and does not form a part of any offer to sell, or a
solicitation of an offer to purchase, any securities of the Company. The
distribution of this announcement and other information may be restricted by law
in certain jurisdictions. Copies of this announcement are not being made and may
not be distributed or sent into any jurisdiction in which such distribution
would be unlawful or would require registration or other measures. Persons into
whose possession this announcement or such other information should come are
required to inform themselves about and to observe any such restrictions. 

The securities referred to in this announcement have not been and will not be
registered under the U.S. Securities Act of 1933, as amended (the "Securities
Act"), and accordingly may not be offered or sold in the United States absent
registration or an applicable exemption from the registration requirements of
the Securities Act and in accordance with applicable U.S. state securities laws.
The Company does not intend to register any part of the offering or its
securities in the United States or to conduct a public offering of securities in
the United States.

In any EEA Member State, this communication is only addressed to and is only
directed at qualified investors in that Member State within the meaning of the
Prospectus Regulation, i.e., only to investors who can receive the offer without
an approved prospectus in such EEA Member State. The expression "Prospectus
Regulation" means Regulation (EU) 2017/1129 as amended together with any
applicable implementing measures in any Member State.
 
This communication is only being distributed to and is only directed at persons
in the United  Kingdom that are "qualified investors" within the meaning of
paragraph 15 of Schedule 1 of the Public Offers and Admissions to Trading
Regulations 2024 ("POATR"), and (i) who have professional experience in matters
relating to investments who fall within the definition of "investment
professionals" in Article 19(5) of the Financial Services and Markets Act 2000
(Financial Promotion) Order 2005, as amended (the "Order"); (ii) who fall within
Article 49(2)(a) to (d) of the Order; or (iii) to whom it may otherwise lawfully
be communicated (all such persons together being referred to as "relevant
persons"). This communication must not be acted on or relied on by persons in
the European Economic Area who are not qualified investors or by persons in the
United Kingdom who are not relevant persons. Any investment or investment
activity to which this communication relates is available in the European
Economic Area only to qualified investors and in the United Kingdom only to
relevant persons and will be engaged in only with such persons. Persons
distributing this communication must satisfy themselves that it is lawful to do
so.
 
Matters discussed in this announcement may constitute forward-looking
statements. Forward-looking statements are statements that are not historical
facts and may be identified by words such as "believe", "expect", "anticipate",
"strategy", "intends", "estimate", "will", "may", "continue", "should" and
similar expressions. The forward-looking statements in this release are based
upon various assumptions, many of which are based, in turn, upon further
assumptions. Although the Seller believes that these assumptions were reasonable
when made, these assumptions are inherently subject to significant known and
unknown risks, uncertainties, contingencies and other important factors which
are difficult or impossible to predict and are beyond their control. 

By their nature, forward-looking statements are subject to numerous factors,
risks and uncertainties that could cause actual outcomes and results to be
materially different from those projected. Readers are cautioned not to place
undue reliance on these forward-looking statements. Except for any ongoing
obligation to disclose material information as required by the applicable law,
the Seller does not have any intention or obligation to publicly update or
revise any forward-looking statements after they distributes this announcement,
whether to reflect any future events or circumstances or otherwise.

Neither of the Managers nor any of their respective affiliates makes any
representation as to the accuracy or completeness of this announcement and none
of them accepts any responsibility for the contents of this announcement or any
matters referred to herein.

This announcement is for information purposes only and is not to be relied upon
in substitution for the exercise of independent judgment. It is not intended as
investment advice and under no circumstances is it to be used or considered as
an offer to sell, or a solicitation of an offer to buy any securities or a
recommendation to buy or sell any securities in the Company. Neither the
Managers nor any of their respective affiliates accepts any liability arising
from the use of this announcement.
any securities in the Company. Neither the\
Managers nor any of their respective affiliates accepts any liability arising\
from the use of this announcement.\