March 21, 2007 02:47 ET

Statoil: SEC draft prospectus submitted

STAVANGER, NORWAY -- (MARKET WIRE) -- March 21, 2007 --

Statoil (OSE: STL, NYSE: STO) has submitted a Form F-4 to the US Securities and Exchange Commission (SEC) which contains a draft prospectus relating to the merger of Hydro's oil and gas activities with Statoil. The draft prospectus is attached to this announcement.

The prospectus is not final until approved by the SEC, and changes and revisions must be anticipated. After the SEC has approved the registration document, a final prospectus will be prepared and submitted to Statoil and Hydro shareholders, no later than coincident with the notice of the extraordinary general meetings which will consider the merger plan.

For further information:

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


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 In addition Statoil will make the effective registration statement available for free to Hydro shareholders in the United States.

Draft prospectus:

Copyright © Hugin ASA 2007. All rights reserved.

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