Unitor ASA

22 Jun 2000

Unitor and BP Marine form innovative marine alliance

Unitor ASA (a company quoted on the Norwegian Stock Exchange) was recently advised by Simmons & Simmons on its entry into a joint venture and outsourcing arrangement with BP Marine (part of BP Amoco plc) to form a unique marketing alliance which will offer a combined range of products to ship operators on a global basis, with a view to making the alliance a one-stop shop for marine supplies globally.

The joint venture is to be called Marine Alliance and will be rolled out to 18,000 vessels currently supplied by BP Marine and Unitor during the remainder of 2000, with deliveries being co-ordinated through Unitor's existing global logistic system, covering 80 countries around the world. The venture also provides for the IT systems of BP Marine and Unitor to become a technical platform for the joint venture and logistics operations.

The Simmons & Simmons team was led by partner Mark Dewar (Commercial), and included partner Monica Ma (Pensions).

Notes for editors:

Simmons & Simmons is worldclass law firm with offices in London, Paris, Brussels, Düsseldorf, Lisbon, Milan, Rome, Madrid, Abu Dhabi, Hong Kong, Shanghai and New York with over 1,400 staff worldwide. For further information on Simmons & Simmons please visit our website at www.simmons-simmons.com.

2. The Commercial Group consists of 9 partners and 29 other lawyers. It advises on a wide range of commercial transactions both in the UK and overseas in sectors such as defence, railways, telecommunications, IT, energy, food & drink, motors, PFI and other major projects. In particular, the Group has extensive experience of advising on contracts involving public sector organisations.

3. For further information, please contact:

Mark Dewar, partner, Commercial

Louise Resnick, Media Relations Manager