Grants awarded under Aker BP's Long-Term Incentive Programme

02 Sep 2024 09:00 CEST

Aker BP's Long-Term Incentive Programme (LTIP) is designed to incentivise the
executive management team (EMT) to deliver on the company's long-term business
objectives and maximise alignment with shareholder value creation.

The LTIP is a share-based scheme in which grants are awarded annually, vested
over a three-year period, and subject to a one-year lockup. Each grant
represents one underlying share, and the number of grants awarded corresponds to
20 percent of base salary divided by the Aker BP share price at the time of the
award.

The final number of shares awarded at the end of the vesting period will be
adjusted by up to +/- 100 percent based on an assessment of relative shareholder
return as described in Aker BP's Annual Report for 2023. The number of shares
awarded will also be adjusted for dividends paid during the vesting period.

For the 2024-2027 LTIP cycle, the EMT members have been awarded grants with
effective date 1 July 2024 as set out in the table below:

Name Grants 2024
Karl Johnny Hersvik               7,094
David Torvik Tønne               3,311
Per Harald Kongelf               3,243
Paula Doyle               2,897
Tommy Sigmundstad               2,764
Ole Johan Molvig               2,669
Knut Sandvik               2,667
Lars Høier               2,661
Per Øyvind Seljebotn               2,546
Georg Vidnes               2,389
Thomas Hoff-Hansen               2,387
Marit Blaasmo               2,362
Marte Mogstad               2,281
Thomas Øvretveit               2,231
Ine Dolve               2,192
Talar Arif               1,551

Contact:
Kjetil Bakken, Head of Investor Relations, tel.: +47 918 89 889

About Aker BP:
Aker BP is a company engaged in exploration, field development and production of
oil and gas on the Norwegian continental shelf. The company operates the field
centres Alvheim, Edvard Grieg, Ivar Aasen, Skarv, Ula and Valhall, and is a
partner in the Johan Sverdrup field. Aker BP is headquartered at Fornebu,
Norway, and is listed on Oslo Børs under the ticker AKRBP. More about Aker BP at
www.akerbp.com/en.

This information is subject to disclosure requirements pursuant to section 5-12
of the Norwegian Securities Trading Act and requirements under the EU Market
Abuse Regulation.

More information:
Access the news on Oslo Bors NewsWeb site

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