Director Shareholding

BP PLC
03 July 2003

We were today notified by Computershare Plan Managers that the following
directors of BP p.l.c. were granted options over the numbers of BP Ordinary
shares detailed below on 2 July 2003 @ £3.50 per share under the BP ShareSaveUK
Plan:



The Lord Browne of Madingley            4550 shares
                                        exercisable between 1.9.08 and 28.2.09


Mr. J. A. Manzoni                       2548 shares
                                        exercisable between 1.9.08 and 28.2.09


Mr. R. L. Olver                         2642 shares
                                        exercisable between 1.9.06 and 28.2.07



Prior to these options being granted, Mr. R.L. Olver and the Lord Browne of
Madingley surrendered options over 1,977 and 3,661 shares respectively, which
had previously been granted under BP ShareSaveUK plans in 2001 and 2002.


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