BP plc

euro adhoc: BP PLC

---------------------------------------------------------------------   Disclosure announcement transmitted by euro adhoc.   The issuer is responsible for the content of this announcement. ---------------------------------------------------------------------

                      BP AND AAR AGREE CHANGE TO SHARE

                         PAYMENT DATES FOR TNK STAKE

BP and Alfa, Access and Renova (AAR) completed their sale and purchase agreement relating to TNK-BP on 29 August 2003. BP and AAR today agreed to change the dates on which BP is due, under the terms of that agreement, to issue AAR with three tranches of BP p.l.c. shares, each tranche with a value of US$1.25 billion.

The issue dates have been changed from 29 August 2004, 29 August 2005 and 29 August 2006 to 20 September 2004, 20 September 2005 and 20 September 2006, respectively.

The issue dates have been moved in order to avoid BP's third quarter ex-dividend date falling within the calculation period for determining the number of BP p.l.c. shares to be issued to AAR in each tranche, thereby reducing the potential for volatility during that period. There is no incremental cost to BP or its shareholders as a result of this change in issue dates.

                                        - ENDS -

                         This information is provided by RNS
          The company news service from the London Stock Exchange

end of announcement            euro adhoc 11.06.2004

Further inquiry note: Jude Tomalin Company Secretarial Assistant 020 7496 4062

Branche: Energy
ISIN:      GB0007980591
WKN:        850517
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

Weitere Meldungen: BP plc

Das könnte Sie auch interessieren: