ATC Atlantic Coal

RNS No 5067d
BP AMOCO PLC
15 July 1999


BP AMOCO AND ARCO CALL SHAREHOLDER
MEETINGS TO APPROVE COMBINATION


BP Amoco p.l.c. and the Atlantic Richfield Company (ARCO) announced today
(July 15, 1999) that they have arranged shareholder meetings to consider their
proposed combination.  ARCO's special meeting will be held on Monday, August
30, 1999 in Los Angeles while BP Amoco's Extraordinary General Meeting will
take place on Wednesday, September 1, 1999 in London. 

Meeting notices and voting materials are currently being mailed to
shareholders following 'sign off' by the London Stock Exchange of the Circular
being sent to BP Amoco shareholders and filing with the US Securities &
Exchange Commission of the Proxy Statement/Prospectus that ARCO shareholders
will receive.

In a joint statement, BP Amoco and ARCO said: "This marks a major step in our
timetable and keeps us on track in our aim to close the deal later this year."


Notes to Editors:

* BP Amoco and ARCO announced on April 1, 1999 that they had agreed to a
combination which will create the world's largest non-state-owned oil producer
and be providing annual pre-tax cost synergies of $1 billion during the second
full year of combined operations.  
 
* The all-share transaction will involve the exchange of 0.82 BP Amoco
American Depositary Shares (ADS) - or 1.64 BP Amoco ADS, if BP Amoco's
proposed share split has been concluded - or at the election of the ARCO
shareholder, the corresponding number of BP Amoco ordinary shares, for each
ARCO share

* The transaction is also subject to approval by various regulatory agencies,
including the European Commission and the US Federal Trade Commission.

Further information:

BP Amoco Press Office, London - 0171 496 4624 or 0171 496 4358

ARCO Press Office, Los Angeles - 00 1 213 486 3384

END

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