Receipt of governmental approvals for the contemplated merger with Lundin Energy’s E&P business

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Aker BP is pleased to announce that it has now received all necessary approvals from the Norwegian Ministry of Petroleum and Energy, the Norwegian Ministry of Finance and the Norwegian Competition Authority, for the completion of the contemplated merger between Aker BP and Lundin Energy's E&P business.

As previously communicated the completion of the merger is expected to occur on 30 June 2022. The merger was approved by the shareholders of Lundin Energy and Aker BP, respectively, at Lundin Energy’s AGM on 31 March 2022 and Aker BP’s AGM on 5 April 2022.

Further details as to the exact timeline for the completion of the merger and information regarding settlement will be provided closer to the completion date.

For further details of the merger, please visit the Aker BP website: https://www.akerbp.com.