SOURCE: Statoil

October 15, 2010 09:11 ET

Notifiable trading

STAVANGER, NORWAY--(Marketwire - October 15, 2010) - On behalf of Statoil (OSE:STL, NYSE:STO), DnB NOR has on 15 October 2010 purchased 542,500 shares for use in the group's Share saving plan.

The shares have been acquired at a price of NOK 127.83 per share.

Before distribution to the employees, the Share saving plan has 6,880,723 shares.

This information is subject of the disclosure requirements acc. to §5- 12 vphl (Norwegian Securities Trading Act)


[HUG#1452339]

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Source: Statoil via Thomson Reuters ONE

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