BP (BP)

Refining and Marketing
In 2004, activities included the closure of two manufacturing plants at Hull, UK, which produced acids; the sale of the European speciality intermediate chemicals business; the closure of the lubricants operation of the Coryton refinery in the UK and of refining operations at the ATAS refinery in Mersin, Turkey.

Other businesses and corporate
For 2004, activities included the sale of the US speciality intermediate chemicals business; the sale of the fabrics and fibres business; and the closure of the linear alpha-olefins production facility at Pasadena, Texas.

Loss on sale of businesses or termination of operations

        Refining and Marketing $132 million (2003 $28 million and 2002 $12 million). The closure of the lubricants operation of the Coryton refinery in the UK and of refining operations at the ATAS refinery in Mersin, Turkey. For 2003, the sale of the Group's European oil speciality products business.

        Gas, Power and Renewables nil (2003 nil and 2002 $69 million). For 2002, the withdrawal from solar thin film manufacturing.

F - 20

        Petrochemicals $563 million (2003 nil and 2002 $147 million). The sale of the speciality intermediate chemicals business; the sale of the Fabrics and Fibres business; the closure of two manufacturing plants at Hull, UK, which produced acids; and the closure of the linear alpha-olefins production facility at Pasadena, Texas. For 2002, the disposal of our plastic fabrications business; the sale of the former Burmah Castrol speciality chemicals business Fosroc Construction; and the provision for the loss on divestment of the former Burmah Castrol speciality chemicals businesses Sericol and Fosroc Mining.

Loss on sale of businesses or termination of operations

        Refining and Marketing $132 million (2003 $28 million and 2002 $12 million). The closure of the lubricants operation of the Coryton refinery in the UK and of refining operations at the ATAS refinery in Mersin, Turkey. For 2003, the sale of the Group's European oil speciality products business.

        Gas, Power and Renewables nil (2003 nil and 2002 $69 million). For 2002, the withdrawal from solar thin film manufacturing.

        Petrochemicals $563 million (2003 nil and 2002 $147 million). The sale of the speciality intermediate chemicals business; the sale of the Fabrics and Fibres business; the closure of two manufacturing plants at Hull, UK, which produced acids; and the closure of the linear alpha-olefins production facility at Pasadena, Texas. For 2002, the disposal of our plastic fabrications business; the sale of the former Burmah Castrol speciality chemicals business Fosroc Construction; and the provision for

F - 20

the loss on divestment of the former Burmah Castrol speciality chemicals businesses Sericol and Fosroc Mining.