Director Shareholding

BP PLC
19 September 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 19 September 2001 all 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 243,725 BP Ordinary shares       
  subscribed for by the trustees of the trust at a price of £5.545 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 243,725 BP Ordinary shares as a consequence of the disposal of the    
   shares by the trustees of the trust to the optionholders exercising their    
   options under the Scheme.

 
Letter from  J. BOWES 
             Company Secretary's Office
             BP plc