Notifiable trading

The shares purchased by DnB NOR on behalf of Statoil (OSE:STL, NYSE:STO) on 14

January 2011 for use in the group's share saving plan have on 18 January 2011

been distributed to the employees in accordance with their savings amount. In

addition bonus shares have been distributed to employees related to the share

saving plan for 2008.

Following this, the share saving plan has 5,233,574 shares. As participants in

the share saving plan, the primary insiders below have been allocated shares in

accordance with their saving plan in 2008, for a price of NOK 141.70 per share.

Name Bonus shares New share holding

Adams, Robert 648 3982

Bjørn, Benedikte Bettina 91 672

Dodson, Timothy 581 8379

Gjærum, Reidar 622 10642

Iversen, Einar Arne 215 3210

Lund, Helge 1703 35156

Mellbye, Peter 826 17359

Michelsen, Øystein 655 10413

Nafstad, Hilde Merete 341 2323

Reitan, Torgrim 653 9186

Sjøblom, Tove Stuhr 255 3603

Skeie, Svein 583 7884

Svaan, Morten 271 1922

Sætre, Eldar 826 14590

Thomsen, Kåre 614 10443

Torstensen, Siv Helen Rygh 265 1435

Øvrum, Margareth 1082 17579

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

(Norwegian Securities Trading Act)

[HUG#1480539]

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