Director Shareholding

BP PLC
16 February 2004


We were informed today that following awards by the Company's Remuneration
Committee under the BP 1998 Long Term Performance Plan (Deferral) 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:-

Dr A B Hayward                                  76,928 Ordinary Shares
Mr J A Manzoni                                  52,531 Ordinary Shares


The Trustee of the BP Employee Share Ownership Trust purchased 129,459 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:-

Dr A B Hayward                                  31,541 Ordinary Shares
Mr J A Manzoni                                  21,538 Ordinary Shares


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