Statoil: Execution of debt capital market transactions

Yesterday, Tuesday 10 August 2010, Statoil ASA, guaranteed by Statoil Petroleum

AS, executed the following capital market transactions:

* Issue of USD 1,250,000,000 3.125% Notes due August 17 2017

* Issue of USD 750,000,000 5.100% Notes due August 17 2040

The net proceeds from the issue of the Notes will be used for general corporate

purposes. The transaction will increase the financial flexibility of the

company.

The deal has been fully placed. The settlement date is August 17 2010.

Statoil ASA Notes are expected to receive Aa2 and AA- credit ratings from

Moody's and Standard & Poor's, respectively.

Any public offering in the United States is being made solely by means of a

prospectus supplement to the prospectus included in the Registration Statement

filed by Statoil ASA and Statoil Petroleum AS and previously declared effective.

Further information from:

Investor relations:

Odd Marius Hygen, IR Officer, +47 48295755

Morten Sven Johannessen, VP Investor Relations USA, +1 2039786950 / +1

2035702524

Finance:

Tron Vormeland, vice president, corporate financing, +47 90 54 01 35

(mobile), +47 51 99 42 97 (office)

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This announcement does not constitute an offer to sell or the solicitation of an

offer to buy any securities of Statoil ASA nor shall there be any sale of these

securities in any jurisdiction in which such offer, solicitation or sale would

be unlawful prior to registration or qualification under the securities laws of

such jurisdiction.

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

(Norwegian Securities Trading Act)

[HUG#1437032]

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