Director Shareholding

BP PLC
16 February 2004

We were informed today that following awards by the Company's Remuneration
Committee under the Long Term Performance Plan and the Executive Directors'
Incentive Plan, the following Directors of BP p.l.c. acquired an interest in the
numbers of the Company's shares shown opposite his name below on 12 February
2004:-

The Lord Browne of Madingley            352,750 Ordinary Shares
Mr R L Olver                            144,500 Ordinary Shares
Dr D C Allen                             62,518 Ordinary Shares
Dr A B Hayward                           54,825 Ordinary Shares
Mr J A Manzoni                           51,170 Ordinary Shares

The Trustee of the BP Employee Share Ownership Trust purchased 665,763 BP
Ordinary shares at £4.135 per share on 12 February 2004 to satisfy these awards.
Each Director acquired a beneficial interest in the shares shown above when
the award took effect.

Following the award taking effect, the BP Share Ownership Trust sold on behalf
of the relevant Director the number of shares shown opposite his name below on
12 February 2004 at £4.135 per share to meet the Director's tax liability on the
award of these shares:-

The Lord Browne of Madingley            144,628 Ordinary Shares
Mr R L Olver                             59,245 Ordinary Shares
Dr D C Allen                             25,632 Ordinary Shares
Dr A B Hayward                           22,478 Ordinary Shares
Mr J A Manzoni                           20,980 Ordinary Shares


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