Director Shareholding

BP PLC
11 July 2001

Letter to Company Announcements Office

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

*  on 11 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 88,631 BP Ordinary shares       
   subscribed for by the trustees of the trust at a price of £5.63 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 p.l.c. ceased to have an interest 
   in the 88,631 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.

Letter from BP Plc