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
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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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