We hereby inform that from 28 October 2022 until 8 November 2022 it will not be
possible to execute CBT (Cross border transaction) to/from Sweden to convert
Aker BP SDRs (ISIN SE0017486566) to ordinary Aker BP shares (ISIN
NO0010345853) because of the record date for the upcoming dividend payment.
Last date to instruct to initiate a conversion will therefore be 24 October
2022.
Unsettled instructions will be cancelled and the shares transferred back to the
client´s custody account, without charge, on 28 October 2022.
As from 9 November 2022 it will be possible to send CBT instructions again.
Please observe that trade-/settlement date can only be from this date and can
not be historical.
Information to holders of Aker BP SDRs
· The Aker BP SDRs have been issued in connection with Aker BP's acquisition
of Lundin Energy's oil and gas business.
· Each SDR represents an ownership interest in one ordinary share in Aker
BP. The underlying ordinary shares in Aker BP are deposited with SEB.
· The SDRs are not listed on any stock exchange. The shares in Aker BP are
listed on Oslo Børs
(LINK (https://live.euronext.com/en/product/equities/NO0010345853-XOSL)).
· The SDR programme is a temporary solution which will be terminated in July
2023. The underlying ordinary shares in Aker BP will then be sold in the market,
and the net proceeds will be paid pro rata to the holders of the remaining SDRs.
· Dividends to SDR holders will be suject to the maximum withholding tax rate
in Norway of 25 percent. Dividends to holders of ordinary shares will in many
cases be subject to a lower withholding tax rate, which can be found
here: Withholding tax rates on dividends from
Norway (https://www.regjeringen.no/en/topics/the-economy/taxes-and
-duties/skatteavtaler/treaty-withholding-tax-rates-on-dividend/id414630/)
More information can be found here: Information to Lundin shareholders - Aker
BP (https://akerbp.com/en/information-to-lundin-shareholders/)
Contacts:
Kjetil Bakken, VP Investor Relations, tel.: +47 918 89 889
About Aker BP:
Aker BP is an independent E&P company with exploration, development and
production activities on the Norwegian Continental Shelf. Aker BP is the
operator of Alvheim, Edvard Grieg, Ivar Aasen, Skarv, Valhall, Hod, Ula and
Tambar. The company is also a partner in the Johan Sverdrup field. Aker BP is
headquartered at Fornebu, Norway, and is listed on the Oslo Stock Exchange under
the ticker 'AKRBP'. More about Aker BP at www.akerbp.com.