euro adhoc: BP PLC / BP AND AAR AGREE CHANGE TO SHARE PAYMENT DATES FOR TNK STAKE (E)

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BP AND AAR AGREE CHANGE TO SHARE

PAYMENT DATES FOR TNK STAKE

BP and Alfa, Access and Renova (AAR) completed their sale and purchase agreement relating to TNK-BP on 29 August 2003. BP and AAR today agreed to change the dates on which BP is due, under the terms of that agreement, to issue AAR with three tranches of BP p.l.c. shares, each tranche with a value of US$1.25 billion.

The issue dates have been changed from 29 August 2004, 29 August 2005 and 29 August 2006 to 20 September 2004, 20 September 2005 and 20 September 2006, respectively.

The issue dates have been moved in order to avoid BP's third quarter ex-dividend date falling within the calculation period for determining the number of BP p.l.c. shares to be issued to AAR in each tranche, thereby reducing the potential for volatility during that period. There is no incremental cost to BP or its shareholders as a result of this change in issue dates.

- ENDS -

This information is provided by RNS The company news service from the London Stock Exchange

Further inquiry note:
Jude Tomalin
Company Secretarial Assistant
020 7496 4062
Tel: +44 20 7496 4062
Email: tomalij@bp.com

Emittent: BP PLC 1 ST JAMES SQUARE UK-SW1Y4PD LONDON Tel: +44 20 7496 4062 Email: tomalij@bp.com WWW: http://www.bp.com ISIN: GB0007980591 WKN: 850517 Indizes: Börsen: official dealing Hamburger Wertpapierbörse, Börse

end of announcement euro adhoc

Düsseldorf, Frankfurter Wertpapierbörse, SWX Swiss Exchange, London Stock Exchange; free trade Niedersächsische Börse zu Hannover, Berliner Wertpapierbörse, Bayerische Börse, Baden-Württembergische Wertpapierbörse
Branche: Energy
Sprache: Englisch

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