AGM Statement

Burmah Castrol PLC 17 May 2000 BURMAH CASTROL ANNUAL GENERAL MEETING Burmah Castrol plc ('Burmah Castrol'), the international specialised lubricants and chemicals group, held their annual general meeting today in Edinburgh, where the following comments were made: '2000 has started very well. Castrol Consumer continues to build on its strong position particularly within Asia Pacific and within Europe, where performance is improving in somewhat better markets. The lag effect of base oil price increases has had some short-term effect on margins in North America and India, but generally speaking we remain confident that base oil price increases can be offset through a combination of price increases and operating efficiencies. Industrial has started to benefit from the action taken to improve business efficiency, and is also performing better in Europe. Commercial is making strong progress in all its markets, but Marine is facing a difficult time with stiff price competition and rising raw material costs. Our Chemicals businesses have also made a good start and in particular continue to improve margins. There has been strong progress in most of our European operations, and Asia Pacific continues to improve. The acquisitions made last year are making a useful contribution, in addition to providing increased geographic and technical coverage.' For further information, please contact: James Alexander, Corporate Affairs director, Burmah Castrol plc 01793 452006 Rachel Hirst/Harriet Keen Hogarth Partnership Limited 0207 357 9477 A copy of this release plus further company information is available on our website: www.burmah-castrol.com Notes to Editors Note 1 Burmah Castrol businesses market specialised lubricant and chemical products and services on a worldwide basis. The group had a turnover close to £3 billion and operating profits, before exceptional items, of £283 million for the full year 1999. It has over 150 subsidiaries operating in over 60 countries and employs some 18,000 people. Burmah Castrol is based around a series of international businesses, each focused on the specific requirements of its own market place but sharing common characteristics. Four of the group's businesses trade under the Castrol brand name and the remaining businesses operate in speciality chemicals. Note 2 On Tuesday 14 March 2000, the Boards of Burmah Castrol and BP Amoco announced they had agreed a recommended cash offer for Burmah Castrol. BP Amoco's offer, which is pre-conditional on certain regulatory clearances, values Burmah Castrol at approximately £3 billion. Following the acquisition, Castrol will become BP Amoco's leading lubricants brand, with its products made available through the group's 28,000 retail sites and to BP Amoco's automotive, industrial and marine customers around the world.

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