CORRECTING and REPLACING BP Prudhoe Bay Royalty Trust Announces Third Quarter 2017 Unit Payment

HOUSTON–(BUSINESS WIRE)–In the release issued October 6, 2017 the Ex-Dividend Date should be
October 13, 2017 (instead of October 12, 2017), and the Dividend Rate
should be $0.6741151 per Unit* (instead of $0.6758286 per Unit*).

The corrected release reads:

BP PRUDHOE BAY ROYALTY TRUST ANNOUNCES THIRD QUARTER 2017 UNIT PAYMENT

This is to advise you that BP Prudhoe Bay Royalty Trust (NYSE: BPT)
announces that the dividend information for the Third Quarter of 2017 is
as follows:

Ex-Dividend Date:

October 13, 2017

Record Date: October 16, 2017
Payable Date: October 20, 2017
Dividend Rate:

$0.6741151 per Unit*

*Actual average daily production for the quarter was 69,238 BBLS.

Any questions, please feel free to contact The Bank of New York Mellon
Trust Company, N.A. at 713-483-6020.

Contacts

Bank of New York Mellon Trust Company, N.A.
Elaina Rodgers,
713-483-6020