BP plc

euro adhoc: BP PLC
BP CONCLUDES PLACING OF STAKE IN SINOPEC (E)

--------------------------------------------------------------------- Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. --------------------------------------------------------------------- February 10, 2004 BP CONCLUDES PLACING OF STAKE IN SINOPEC BP announced today that it has concluded the placing of its entire 2.1 per cent stake in China Petroleum and Chemical Corporation (Sinopec), announced earlier today. BP has agreed to sell its stake of around 1.8 billion 'H' shares in Sinopec at a price of HK$3.15 a share, raising a total of approximately HK$5.8 billion (US$742 million). Settlement is due to occur on February 13, 2004. The placing of the Sinopec shares was arranged by Morgan Stanley on behalf of BP. This announcement does not constitute or form part of an offer, solicitation of an offer or invitation to purchase or subscribe for securities in any jurisdiction. Morgan Stanley & Co. International Limited is acting for BP in connection with the placing and no-one else and will not be responsible to anyone other than BP for providing the protections offered to clients of Morgan Stanley & Co. International Limited nor for providing advice in relation to the placing. - ENDS - This information is provided by RNS The company news service from the London Stock Exchange end of announcement euro adhoc 10.02.2004 --------------------------------------------------------------------- Further inquiry note: Further enquiries: David Nicholas, BP press office: +44 (0)20 7496 4708 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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