SOURCE: Statoil

March 17, 2010 06:15 ET

Statoil's share saving plan allocates shares

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



The shares purchased by DnB NOR on behalf of Statoil (OSE:STL, NYSE:STO) on 15 March 2010 for use in the group's share saving plan have on 17 March 2010 been distributed to the employees in accordance with their savings amount. Following this, the share saving plan has 5,637,630 shares.

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

Lars Troen Sørensen, senior vice president for investor relations,
+47 51 99 77 90 / +47 90 64 91 44

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



[HUG#1394823]

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