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euro adhoc: BP PLC
BP AGREES TO SELL EUROPEAN SPECIAL PRODUCTS BUSINESS TO H&R WASAG AG (E)

Disclosure announcement transmitted by euro adhoc. The issuer is
responsible for the content of this announcement.
October 9, 2003
BP AGREES TO SELL EUROPEAN SPECIAL PRODUCTS BUSINESS TO H&R WASAG AG
BP and H&R WASAG AG announced today that they have reached agreement
in principle for H&R WASAG to purchase BP's European Special Products
business, including the Neuhof base oil refinery in Hamburg, Germany.
Subject to a number of approvals and after appropriate employee
consultation, H& R WASAG will acquire BP's entire special products
business in Europe which produces and markets specialist products
such as waxes, process oils and rubber additives.  This comprises the
5,000 barrels a day capacity specialist base oil refinery at Neuhof
and part of the associated blending facilities; two UK
manufacturing plants at Chorley, Lancashire and Tipton, West
Midlands; a manufacturing plant near Maastricht, the Netherlands; and
marketing operations in Spain, Portugal, Benelux, Germany, Eastern
and Northern Europe and the UK.
In addition BP will supply H&R WASAG with 200,000 tonnes of special
products a year from the Coryton refinery in the UK.
The two parties said that they hoped to complete the transaction
early next year and that they did not anticipate any job losses as a
result.
Notes to Editors:
· H&R WASAG is a speciality chemicals group listed on the      
Frankfurt stock exchange.  It is based in Salzbergen where it already
operates a specialist refinery producing 300,000 tonnes per annum
· The book value of the assets involved in the transaction is $30
million
· The deal does not include BP's shareholding in the Spanish
Lubrisur joint venture or the Neuhof North blending plant which will
continue to be core to BP's automotove, industrial and commercial
lubricants business.
This information is provided by RNS
            The company news service from the London Stock Exchange
end of announcement        euro adhoc 09.10.2003

Further inquiry note:

BP PLC
Jude Tomalin
020 7496 4062

Branche: Energy
ISIN: GB0007980591
WKN: 850517
Index:
Börsen: Hamburger Wertpapierbörse / official dealing
Börse Düsseldorf / official dealing
Frankfurter Wertpapierbörse / official dealing
SWX Swiss Exchange / official dealing
London Stock Exchange / official dealing
Niedersächsische Börse zu Hannover / free trade
Berliner Wertpapierbörse / free trade
Bayerische Börse / free trade
Baden-Württembergische Wertpapierbörse / free trade

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