Disposal

BP PLC
10 October 2003

October 10, 2003


                BP COMPLETES SALE OF KALTIM PRIMA COAL STAKE TO
                               PT BUMI RESOURCES

BP announced today that it has completed the sale of its 50 per cent interest in
the Indonesian coal mining company PT Kaltim Prima Coal (KPC) to PT Bumi
Resources for $250 million in cash including assumed debt.

PT Bumi Resources, a publicly quoted Indonesian company, has also completed an
identical deal with Rio Tinto for their 50 per cent interest in KPC and is
therefore now the sole owner of KPC.

The completion of the KPC sale means that BP no longer has any coal interests,
its other coal operations having been sold in 1989-90.

Notes to Editors:

• KPC operates a world-class coal mine located near Sangatta in East
Kalimantan, Indonesia, which produces around 18 million tonnes of steaming coal
per annum.

• KPC directly employs about 2,700 people and contributes around $450
million each year in export revenue to Indonesia.

• BP's advisors on the transaction were JP Morgan (financial) and
Linklaters (legal).

Further information: BP Press Office, London, tel: [phone]/4708


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