SOURCE: Statoil ASA

March 30, 2007 06:48 ET

NOTICE OF ORDINARY GENERAL MEETING

STAVANGER, NORWAY -- (MARKET WIRE) -- March 30, 2007 --


The general meeting of Statoil ASA (OSE:STL, NYSE:STO) will be held on Tuesday 15 May 2007 at 17:00 at the Clarion Hotel Stavanger, Ny Olavskleiv 8, 4008 Stavanger, Norway.

Agenda:

1. Opening of the general meeting by the chair of the corporate assembly

2. Registration of attending shareholders and proxies

3. Election of a chair of the meeting

4. Election of a person to co-sign the minutes together with the chair of the meeting

5. Approval of the notice and the agenda

6. Approval of the annual report and accounts for Statoil ASA and the Statoil group for 2006, including the board of directors' proposal for the distribution of the dividend The board proposes an ordinary dividend of NOK 4.00 per share and a special dividend of NOK 5.12 per share for 2006.

7. Determination of remuneration for the company's auditor

8. Declaration on stipulation of salary and other remuneration for top management

9. Authorisation to acquire Statoil shares in the market for subsequent annulment

10. Authorisation to acquire Statoil shares in the market in order to continue implementation of the share saving plan for employees

Information about registration and agenda can be found at: www.statoil.com/agm

Further information from:

Media:
Ola Morten Aanestad
vice president media relations
+ 47 48 08 02 12 (mobile)
+ 47 51 99 13 77 (office)

Investor relations:
Lars Troen Sørensen
senior vice president investor relations
+ 47 90 64 91 44 (mobile)
+ 47 51 99 77 90 (office)

Geir Bjørnstad
vice president, US investor relations
+ 1 203 978 6950
Disclaimer:

This press release does not constitute an offer to exchange or sell or an offer to exchange or buy any securities.

An offer of securities in the United States pursuant to a business combination transaction will only be made through a prospectus which is part of an effective registration statement filed with the US Securities and Exchange Commission. Hydro shareholders who are US persons or are located in the United States are advised to read the registration statement when and if it is declared effective by the US Securities and Exchange Commission because it will contain important information relating to the proposed transaction. You will be able to inspect and copy the registration statement relating to the proposed transaction and documents incorporated by reference at the SEC's Public Reference Room at 100 F Street, N.E., Room 1580, Washington, D.C. 20549. Statoil's SEC filings are also available to the public at the SEC's web site at http://www.sec.gov. In addition Statoil will make the effective registration statement available for free to Hydro shareholders in the United States.

Agenda: http://hugin.info/132799/R/1116155/204040.pdf

Copyright © Hugin ASA 2007. All rights reserved.

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