ADS Shares: What is an ADS share?
An American Depositary Share (“ADS”) is a US dollar-denominated form of equity ownership in BP, representing Ordinary shares on deposit in the United Kingdom (“UK”). An ADS share carries significant rights arising out of those Ordinary shares. For example, it confers the right to receive dividends in US$, the right for registered ADS holders to attend BP shareholder meetings, and the right to vote on important matters before the company. ADS Shares: What is an ADR? An American Depositary Receipt (“ADR”) is a physical certificate evidencing ownership of ADS shares. The term is sometimes used to refer to ADS shares themselves. ADS Shares: Is there more than one type of ADR certificate? No. Effective with our October 4, 1999 two-for-one share split, the ADR certificate represents a Nominal Value of $0.25 per Ordinary share. Nominal Value is similar to Par Value on US stock certificates. Previous BP ADR certificates represented a Nominal Value of $0.50 per Ordinary share and previous BP AD
