SOURCE: Statoil

March 02, 2011 09:10 ET

Statoil US Employee Share Savings plan allocates shares

STAVANGER, NORWAY--(Marketwire - March 2, 2011) -

As participant in the Statoil US Employee Share Savings plan, the Statoil ASA primary-insider Mr. William Maloney has been allocated the following number of shares in February and March 2011:

| Date of allocation | Allocated shares* | New share holding* |
| 02 March           | 96.214191         | 667.316861         |
| 02 February        | 103.308978        | 571.10267          |

*American Depositary Receipts (ADR)

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

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Source: Statoil via Thomson Reuters ONE


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