BP Transaction Brings Shares in Issue to Nearly 19 Million

BP announces that on 27 December 2007 it transferred to participants in its employee share schemes 21,079 ordinary shares at prices between 350.00 pence and 500.00 pence. These shares were previously held as treasury shares.

Following the above transaction BP p.l.c. holds 1,940,638,808 ordinary shares in Treasury, and has 18,922,324,605 ordinary shares in issue (excluding Treasury shares).