Transaction in Own Shares

BP p.l.c.

Transaction in own shares

BP p.l.c. announces that on 29 December 2011 it transferred the following number of ordinary shares, which were previously held as treasury shares, to participants in its employee share schemes:

Date of transfer: 29 December 2011

Number of ordinary shares transferred: 271

Transfer price per share: £3.68

Following the above transfer, BP p.l.c. holds 1,837,507,938 ordinary shares in treasury, and has 18,975,902,659 ordinary shares in issue (excluding treasury shares).

This announcement is made in accordance with the requirements of Listing Rule 12.6.4.