Issue of Equity

BP PLC
20 September 2005

                BP LISTS NEW SHARES FOR PAYMENT TO TNK PARTNERS

BP announced today September 20, 2005 that it has applied for a total of
108,628,984 Ordinary Shares of US$0.25 ('shares') to be admitted to the Official
List.

These shares are being issued today to Grove Oil & Gas Holdings Limited
(formerly Alfa Oil & Gas Holdings Limited (AlfaCo, 54,314,492 shares)), Cromwell
Resources Limited (AccessCo, 27,157,246 shares) and Starlite Investment Corp.
(RenovaCo, 27,157,246 shares) as the second of three tranches of deferred
consideration in connection with the amended and restated sale and purchase
agreement relating to the formation of TNK-BP, dated August 29, 2003. They will
rank pari passu with the existing Ordinary Shares.

The shares will not be registered under the US Securities Act of 1933 and may
not be offered or sold in the United States without registration or an
applicable exemption from the registration requirements.

Dealings are expected to commence today.




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