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.