SOURCE: Statoil

November 17, 2010 04:28 ET

Statoil's share saving plan allocates shares

STAVANGER, NORWAY--(Marketwire - November 17, 2010) -


The shares purchased by DnB NOR on behalf of Statoil (OSE:STL, NYSE:STO) on 15 November 2010 for use in the group's share saving plan have on 17 November 2010 been distributed to the employees in accordance with their savings amount.

Following this, the share saving plan has 6,869,731 shares.

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


[HUG#1463223]


This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that:

(i) the releases contained herein are protected by copyright and other applicable laws; and

(ii) they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Statoil via Thomson Reuters ONE

Contact Information

  • Lars Troen Sorensen
    senior vice president for investor relations
    +47 51 99 77 90
    +47 90 64 91 44

    Geir Bjornstad
    vice president for investor relations in the USA
    +1 203 978 6950
    +1 203 570 5757