Equinor — AGM Information 2010

May 19, 2010

Annual general meeting approves dividend of NOK 6 per share

The ordinary general meeting in Statoil ASA (OSE: STL, NYSE: STO) resolved on

19 May 2010 to adopt the annual report and accounts for Statoil ASA for 2009, as

proposed by the board of directors.

The annual accounts and the annual report for 2009 for Statoil ASA and the

Statoil group were approved. A dividend of in total NOK 6 per share will be

distributed. The dividend accrues to the shareholders as of 19 May 2010.

Expected payment date is 2 June 2010.

Statoil's shares listed on the Oslo Stock Exchange (Oslo Børs) will be traded ex

dividend as of 20 May 2010. American Depositary Shares (ADS) listed on the New

York Stock Exchange will be traded ex dividend as of 21 May 2010. The payment

date for dividend in USD to American Depositary Receipts (ADR) is expected to be

14 June 2010.

The following persons are elected as members of the corporate assembly for the

period up to the ordinary general meeting in 2012:

i) Olaug Svarva (existing member)

ii) Idar Kreutzer (existing member)

iii) Karin Aslaksen (existing member)

iv) Greger Mannsverk (existing member)

v) Steinar Olsen (existing member)

vi) Ingvald Strømmen (existing member)

vii) Rune Bjerke (existing member)

viii) Tore Ulstein (existing member)

ix) Live Haukvik Aker (new member)

x) Siri Kalvig (new member)

xi) Thor Oscar Bolstad (new member)

xii) Barbro Hætta-Jacobsen (new member)

The following persons are elected as deputy members of the corporate assembly

for the period up to the ordinary general meeting in 2012:

Arthur Sletteberg (existing deputy member, former 3. deputy)

Anne-Margrethe Firing (existing deputy member)

Linda Litlekalsøy Aase (new deputy member)

Shahzad Rana (existing deputy member)

The general meeting gave its approval of the board's statement on stipulation of

salary and other remuneration for the executive management. It also approved the

remuneration to the company's auditor.

The ordinary general meeting authorised the board to acquire Statoil shares in

the market in order to continue implementation of the share saving plan for

employees. The ordinary general meeting also authorised the board to acquire

Statoil shares in the market for subsequent annulment.

A shareholder proposed that Statoil should withdraw from tar sands activities in

Canada. The proposal was not adopted.

Please find the complete minutes of the ordinary general meeting enclosed.

Contacts:

Media:

Ola Morten Aanestad, vice president for media relations:

+ 47 48 08 02 12

Investor relations:

Lars Troen Sørensen, senior vice president for investor relations:

+ 47 90 64 91 44

Morten Sven Johannessen, vice president, US investor relations:

+1 203 978 69 50

This information is subject of the disclosure requirements acc. to §5-12 vphl

(Norwegian Securities Trading Act)

[HUG#1417396]