Statoil
oslo : STL

June 17, 2011 05:34 ET

Statoil's share saving plan allocates shares

STAVANGER, NORWAY--(Marketwire - Jun 17, 2011) - The shares purchased by DnB NOR on behalf of Statoil (OSE:STL, NYSE:STO) on 15 June 2011 for use in the group's share saving plan have on 17 June 2011 been distributed to the employees in accordance with their savings amount.

Following this, the share saving plan has 6,404,627 shares.

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

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

[HUG#1524242]

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