Statoil files OSE application to list Statoil Fuel & Retail ASA

Statoil ASA (OSE:STL, NYSE:STO) today, 2 September 2010, confirms that it has

filed an application with the Oslo Stock Exchange for the Ordinary shares of the

newly constituted Statoil Fuel & Retail ASA (SFR) to be admitted to the main

list and to trading on the Oslo Stock Exchange.

This is a necessary regulatory step required to allow the planned IPO of

Statoil's energy and retail business to take place in Q4 2010, if market

conditions allow.

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NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED

STATES

This Stock Exchange Notice may not be published, distributed or transmitted in

the United States. This Stock Exchange Notice does not constitute an offer to

sell or the solicitation of an offer to buy any securities of SFR. The

securities mentioned herein have not been, and will not be, registered under the

United States Securities Act of 1933, as amended (the "Securities Act") and may

not be offered or sold in the United States except pursuant to an exemption from

the registration requirements of the Securities Act.

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Further information will be provided as and when available.

Contact: Jannik Lindbæk, VP media relations, Statoil ASA

Tel: +47 977 55 622

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

(Norwegian Securities Trading Act)

[HUG#1442219]

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