DETNOR02: Distribution Put Option Expired

Reference is made to the stock exchange notice from Aker BP ASA (“Aker BP”) dated 17 February 2017 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 3 March 2017, and Aker BP has now obtained the results from the Distribution Put Option.

Bondholders representing NOK 276,390 nominal worth of DETNOR02 have exercised their put option. Aker BP will not cancel the bonds, and the gross nominal amount of DETNOR02 will thus remain NOK 1.900 million. Aker BP holds NOK 3,776,390 nominal worth of DETNOR02.