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 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 8 November 2019 (the "Distribution Event Date"), the Issuer made a
distribution to its shareholders in the aggregate amount of NOK 1,705,648,826.
This notice constitutes a Distribution Event Notice as defined in the loan
agreement. 

The maximum aggregated number of Bonds to be repurchased by the Issuer is equal
to 1,705,648,826 divided by the Face Value, being 1,705,648,826 (the
"Distribution Put Bonds"). 

As a consequence of this dividend payment, each Bondholder may require the
Issuer to acquire Bonds at a price of 107% of par plus accrued interest, up to
its pro rata share of 1,705,648,826 based on the proportion that such
Bondholder's holding of Bonds as of the Distribution Event Date (less Bonds
owned directly by the Issuer) bear to the Distribution Put Bonds. The Issuer
holds NOK 7,690,568 nominal worth of DETNOR02. 

The Leverage Ratio as shown in the latest Compliance Certificate is 1.18x. 

The Distribution Put Option must be exercised by each Bondholder within 22
November 2019. Detailed information on how to exercise the Distribution Put
Option, including each Bondholder's pro rata proportion of the Distribution Put
Bonds, will promptly be forwarded to all Bondholders as registered in the
Securities Depository (VPS) through the systems of VPS (the "VPS Notice"). 

Bondholders (as registered directly in VPS) who do not receive a VPS Notice may
contact the Bond Trustee at mail@nordictrustee.com to receive a copy of its VPS
Notice.