Issue of Equity

BP PLC
20 September 2006


                BP LISTS NEW SHARES FOR PAYMENT TO TNK PARTNERS

BP announced today September 20, 2006 that it has applied for a total of
111,150,956 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, 55,575,478 shares), Cromwell
Resources Limited (AccessCo, 27,787,739 shares) and Starlite Investment Corp.
(RenovaCo, 27,787,739 shares) as the final tranche 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.




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