Director Shareholding

BP PLC
4 July 2001


We write to notify you that arising out of the operation of the BP Savings
Related Share Option Scheme:-


-   on 4 July 2001 all the directors of BP p.l.c. named below acquired, as 
    potential beneficiaries of the employee benefit trust established to operate

    The BP Savings Related Share Option Scheme (an Inland Revenue approved 
    employee share option scheme) an interest in 58,886 BP Ordinary shares 
    subscribed for by the trustees of the trust at a price of £5.82 per share to

    satisfy options under the Scheme:-
     

          Sir John Browne
          Dr J.G.S. Buchanan
          Mr R.F. Chase
          Mr R.L. Olver


-   on the same day, the above directors of BP plc, ceased to have an interest 
    in the 58,886 BP Ordinary shares as a consequence of the disposal of the 
    shares by the trustees of the trust to the optionholders exercising their 
    options under the Scheme.