Disposal

BP PLC
13 January 2004


press release

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION INTO OR IN CANADA, AUSTRALIA OR
JAPAN


January 13, 2004


BP CONCLUDES PLACING OF STAKE IN PETROCHINA

BP announced today that it has concluded the placing of its 2 per cent stake in
PetroChina Company Limited (PetroChina), announced yesterday. Settlement is due
to occur on January 15, 2004.

The sale of the stake of around 3.5 billion shares in PetroChina was effected
through a bookbuilt placing on public markets for HK$3.70 per share, a total of
approximately HK$13 billion (US$1.65 billion).

The placing of the shares was arranged by Goldman Sachs International.

Further enquiries:

David Nicholas, BP press office: [phone]

This announcement does not constitute or form part of an offer, solicitation of
an offer or invitation to purchase or subscribe for securities in any
jurisdiction.

Goldman Sachs International is acting for BP in connection with the placing and
no one else and will not be responsible to anyone other than BP for providing
the protections offered to clients of Goldman Sachs International nor for
providing advice in relation to the placing.

                                    - ENDS -




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