BP plc

euro adhoc: BP PLC
BP SELLS GLOBAL 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. --------------------------------------------------------------------- April 2, 2004 BP SELLS GLOBAL SPECIAL PRODUCTS BUSINESS TO H&R WASAG AG BP announced today that it has agreed to sell its global special products business to H&R Wasag AG, a speciality chemicals group listed on the Frankfurt stock exchange. The deal follows H&R Wasag's purchase of BP's European Special Products business which was completed earlier this year. Subject to a number of approvals, H&R Wasag will acquire BP's remaining special products production, distribution and sales activities in South Africa, Australasia, SE Asia, North America and the UK. The two parties said that they hoped to complete the transaction on July 1, 2004. Notes to Editors: · H&R Wasag AG is a speciality chemicals group, headquartered in Salzbergen, Germany. · Special products include waxes, process oils and rubber additives. · The book value of the assets involved in the transaction is EUR14.5 million. - ENDS - This information is provided by RNS The company news service from the London Stock Exchange end of announcement euro adhoc 02.04.2004 --------------------------------------------------------------------- Further inquiry note: Further information: BP Press Office, London, tel: +44 (0)207 496 4358 H&R Wasag, Germany, tel: +49 (0)5976 945300 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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