DETNOR02: Distribution Put Option Expired

Reference is made to the stock exchange notice from Aker BP ASA (“Aker BP”) dated 7 December 2016 relating to a Distribution Put Option in Det norske oljeselskap ASA 13/20 FRN (ISIN NO 001068414.5).

The deadline to exercise the Distribution Put Option at 107% of par plus accrued interest was set to 22 December 2016, and Aker BP has now obtained the results from the Distribution Put Option.

Bondholders representing NOK 3.5 million nominal worth of DETNOR02 have exercised their put options. Aker BP will not cancel the bonds, and the gross nominal amount of DETNOR02 will thus remain NOK 1.900 million.