BP Prudhoe Bay Royalty Trust (the �Trust�) was created as a Delaware business
trust by the BP Prudhoe Bay Royalty Trust Agreement dated February 28, 1989 (the
�Trust Agreement�) among The Standard Oil Company (�Standard Oil�), BP
Exploration (Alaska) Inc. (�BP Alaska�), The Bank of New York Mellon (formerly
named The Bank of New York), as trustee, and F. James Hutchinson, co-trustee
(BNY Mellon Trust of Delaware, formerly named The Bank of New York (Delaware),
successor co-trustee). BP Alaska and Standard Oil are wholly owned subsidiaries
of BP p.l.c. (�BP�).
Effective as of December 15, 2010, The Bank of New York Mellon (�BNYM�) resigned
as trustee under the Trust Agreement and BP Alaska appointed The Bank of New
York Mellon Trust Company, N.A. (the �Trust Company�) to succeed BNYM as
trustee. The Trust Company accepted its appointment and assumed all rights,
titles, duties, powers and authority formerly held and exercised by BNYM under
the Trust Agreement.