Holding(s) in Company

BP PLC
24 February 2004

LETTER TO:  BP PLC
            20th February 2004

COMPANIES ACT 1985, (AS AMENDED) SECTIONS 198 TO 210A DISCLOSURE OF INTEREST 
IN SHARES

In accordance with the above provisions we hereby give you notice that the 
Co-operative Insurance Society Limited holds, as beneficial owner, 1,449,649 BP 
PLC 8% cum 1st Prf £1 shares at the close of business on 20th February 2004 this
being equal to 20.04% of the relevant issued share capital of 7,232,838. The
decrease in our percentage holding is as a result of the following transaction:
 
Date              Transaction type            Number of 8% cum prf shares

20/02/04                Stock Loan                                100,889
 
Co-operative Insurance Society Limited holds the shares as beneficial owner. The
notification given in this letter arises by virtue of approved stock lending
activity undertaken by Co-operative Insurance Society Limited.

You note also that Co-operative Insurance Society Limited has, under the terms
of its stock lending agreement, the right to call for delivery to it of shares
of an identical type, nominal value, description and amount to the securities
lent. By virtue of section 208(5) of the Companies Act 1985, such right is
deemed to be a notifiable interest in such securities.

From:  P M Pearson
       Reporting & Systems Manager 
       Investment Accounts Department
       Co-operative Insurance
 
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