Director Shareholding

BP PLC
7 June 2001

 
Letter to Company Announcements Office:

We write to notify you that arising out of the operation of the BP Savings
Related Share Option Scheme:-


- On 6 June, 2001 the directors of BP p.l.c. named below acquired, as potential 
  beneficiaries of the employee benefit trust established to operate The BP     
  Savings Related Share Option Scheme (an Inland Revenue approved employee share
  option scheme) an interest in 93,561 BP Ordinary shares subscribed for by the 
  trustees of the trust at a price of £6.35 per share to satisfy options under  
  the Scheme:-

        Sir John Browne
        Dr. J.G.S. Buchanan
        Mr. R.F. Chase
        Mr. R.L. Olver

- On the same day, the above directors of BP p.l.c. ceased to have an interest  
  in the 93,561 BP Ordinary shares as a consequence of the disposal of the      
  shares by the trustees of the trust to the option holders exercising their    
  options under the Scheme.


From:  BP p.l.c.