FTC Approval

BP Amoco PLC
13 April 2000



BP AMOCO AND ARCO GET FTC GO-AHEAD TO COMBINE

BP Amoco and Atlantic Richfield Company (ARCO) today announced that they have
received clearance from the US Federal Trade Commission (FTC) for the
combination of their companies.

The union, which was originally agreed a year ago, will create a combined
group with a market capitalisation of some $200 billion.

BP Amoco chief executive Sir John Browne said: 'We are very pleased to have
received FTC approval. We will now close the deal and rapidly implement the
plans we have in place to integrate our operations worldwide. We intend to
move quickly to deliver the significant value of this union to the
shareholders of the new group.'

BP Amoco and ARCO said they plan to close the transaction at 0800 hours,
London time, on Tuesday, April 18, 2000. The last day of trading in ARCO
common stock will therefore be Monday, April 17, 2000.