Disposal

BP PLC
02 April 2004

April 2, 2004



                  BP SELLS GLOBAL SPECIAL PRODUCTS BUSINESS TO
                                  H&R WASAG AG

BP announced today that it has agreed to sell its global special products
business to H&R Wasag AG, a speciality chemicals group listed on the Frankfurt
stock exchange.

The deal follows H&R Wasag's purchase of BP's European Special Products business
which was completed earlier this year.

Subject to a number of approvals, H&R Wasag will acquire BP's remaining special
products production, distribution and sales activities in South Africa,
Australasia, SE Asia, North America and the UK.


The two parties said that they hoped to complete the transaction on July 1,
2004.


Notes to Editors:


•        H&R Wasag AG is a speciality chemicals group, headquartered in
Salzbergen, Germany.

•        Special products include waxes, process oils and rubber additives.

•        The book value of the assets involved in the transaction is €14.5
million.



Further information:



BP Press Office, London, tel: [phone]
H&R Wasag, Germany, tel: [phone]




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                      This information is provided by RNS
            The company news service from the London Stock Exchange