Disclosure of large shareholdings

Reference is made to the stock exchange notice published by Aker BP ASA (“Aker BP” or the “Company”) earlier today regarding the contemplated merger (the “Merger”) between Aker BP and Lundin Energy MergerCo AB (publ) (the “Target”), a newly established Swedish public limited liability company currently wholly owned by Lundin Energy AB (publ) (“Lundin Energy”) and the expiry of the creditor notice periods pertaining to the Merger.

Upon completion of the Merger, Aker ASA will, through its wholly-owned subsidiary, Aker Capital AS, hold 133,757,576 shares in the Company, representing approximately 21.16 percent of the outstanding shares and votes in the Company, bp p.l.c will hold 100,302,878 shares in the Company, representing approximately 15.87 percent of the outstanding shares and votes in the Company, and Carey Trustees Limited as Trustee for The Alumbrera Trust will, through Lorito Holdings (Guernsey) Limited, Lorito Holdings S.à r.l., Nemesia Holdings SCSp and Nemesia S.à r.l., hold 90,798,282 shares in the Company, representing approximately 14.37 percent of the outstanding shares and votes in the Company.

The foregoing calculations are based on 632,022,210 outstanding shares in Aker BP after the issuance of the new consideration shares in the Merger. 

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