BP 4Q 2011 Scrip Dividend Reference Price
Payments of dividends in sterling
On 7 February 2012, the Directors of BP p.l.c. announced that the interim dividend for the fourth quarter 2011 would be US$0.08 per ordinary share (US$0.48 per ADS). This interim dividend is to be paid on 30 March 2012 to shareholders on the share register on 17 February 2012. The dividend is payable in cash in sterling to holders of ordinary shares and in US dollars to holders of ADSs. A scrip dividend alternative has been made available for this dividend allowing shareholders to elect to receive their dividend in the form of new ordinary shares and ADS holders in the form of new ADSs.
Sterling dividends payable in cash will be converted from US dollars at an average of the market exchange rate over the four dealing days from 13 March to 16 March 2012 (£1 = US$ 1.56992). Accordingly, the amount of sterling dividend payable in cash on 30 March 2012 will be:
Deputy Company Secretary