HOUSTON, April 29 /PRNewswire-FirstCall/ -- BP p.l.c. of London, England, today announced payment of a quarterly dividend of $0.8115 per American Depositary Share (ADS) to qualifying ADS shareholders. The record date for ADS shareholders is May 16, 2008 with payment to be made on June 9, 2008. (Logo: http://www.newscom.com/cgi-bin/prnh/20000724/NYM120LOGO ) Canadian Dollar dividends to Canadian Residents For Canadian resident ADS shareholders receiving their dividend in Canadian dollars, the rate of exchange of Canadian $1.0171 to the US Dollar was that ruling at 4 p.m. London time on April 28, 2008. The dividend payable June 9, 2008, to qualifying Canadian resident ADS shareholders is a cash payment of Canadian $0.825 per ADS, which is the amount to be reported as foreign non-business income for Canadian tax purposes. US Dollar dividends to Canadian Residents For Canadian resident ADS shareholders who have filed an election to receive dividends in US dollars, the dividend payable June 9, 2008, to qualifying Canadian resident ADS shareholders is a cash payment of US $0.8115 per ADS. The amount of dividend to be reported as foreign non-business income for Canadian tax purposes will be the amount of US $0.8115 per ADS, converted to Canadian dollars at an appropriate exchange rate. Direct Access Plan For U.S. and Canadian resident ADS shareholders who wish to take their dividend in the form of shares the Direct Access Plan also includes a Dividend Reinvestment Plan (DRIP) facility. Ex-Dividend Date The ex-dividend date on the New York Stock Exchange is expected to be May 14, 2008. ADS One ADS represents 6 ordinary shares of BP traded in London. http://www.newscom.com/cgi-bin/prnh/20000724/NYM120LOGO http://photoarchive.ap.org/ DATASOURCE: BP p.l.c. CONTACT: Rachael MacLean, +1-281-366-6766, Ronnie Chappell, +1-281-366-5174, both of BP p.l.c. Web site: http://www.bp.com/

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