Aker BP awards shares and issues new grants under LTIP programme

07 Nov 2025 08:30 CET

Aker BP has finalised share awards under its 2022-2025 Long-Term Incentive
Programme (LTIP) and initiated new grants for the 2025-2028 cycle. The LTIP is
designed to align executive performance with long-term shareholder value
creation.

About the LTIP
The LTIP is a share-based programme for the Executive Management Team (EMT).
Grants are awarded annually, vest over three years, and are subject to a one
-year lock-up. Each grant corresponds to one underlying share, with the number
of grants equal to 20 percent of base salary divided by the Aker BP share price
at the time of award.

Final share delivery is adjusted by up to +/- 100 percent based on relative
shareholder return and dividends paid during the vesting period, as detailed in
Aker BP's Annual Report.

Completion of 2022-2025 cycle
Shares have now been awarded to EMT members in accordance with programme terms.
The final number reflects adjustments for dividend payments and relative
shareholder return performance.

New grants for 2025-2028
Effective 1 July 2025, EMT members have received new grants under the 2025-2028
LTIP cycle.

Executive Management Team LTIP awards

Name Shares awarded Grants
(2022-25) (2025-28)
Talar Arif - 1,693
Marit Blaasmo 415 2,597
Ine Dolve 521 2,422
Paula Doyle 575 3,155
Karl Johnny Hersvik 1,398 7,751
Thomas Hoff-Hansen 392 2,625
Lars Høier 524 2,898
Per Harald Kongelf 602 3,583
Marte Mogstad - 2,713
Ole Johan Molvig 535 2,879
Torbjørg Opedal - 2,258
Knut Sandvik 528 2,919
Tommy Sigmundstad 545 3,011
Petter Sørhaug - 2,558
David Tønne 544 3,640
Georg Vidnes 396 2,581
Thomas Øvretveit 361 2,349

The PDMR disclosure forms can be found in
the attachment (https://mb.cision.com/Public/1629/4258570/97d4da7bfe069b54.pdf).

Treasury shares
Aker BP will transfer 7,743 shares related to the 2022-2025 LTIP awards. After
these transfers, the company will hold 283,938 treasury shares.

Contacts:
Kjetil Bakken, Head of Investor Relations, tel.: +47 918 89 889
Ole-Johan Faret, Press Spokesperson, tel.: +47 402 24 217

About Aker BP:
Aker BP is a leading exploration and production company focused on oil and gas
operations on the Norwegian continental shelf. The company operates the Alvheim,
Edvard Grieg, Ivar Aasen, Skarv, Ula, and Valhall field centres and is a key
partner in the Johan Sverdrup field. Headquartered in Fornebu, Norway, Aker BP
is listed on the Oslo Børs under the ticker AKRBP. For more information, visit
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

659067_Release.pdf
659067_251107_PDMR_disclosures.pdf