Statoil: Notifiable trading

Marketwired

STAVANGER, NORWAY--(Marketwire - Nov 2, 2012) - The following primary insider has on 2November acquired shares in Statoil ASA(OSE:STL, NYSE:STO) at share price of NOK 140.40 in connection with thecompany's long-term incentive program.

The long-term incentive program is a fixed, monetary compensationcalculated asa portion of the participant's base salary; ranging from 20 - 30 per centdepending on the individual's position.

On behalf of the participant, the company acquires shares equivalent to thenetannual amount. The grant is subject to a three year lock-in period. Numberofacquired shares and new total shareholding is listed in the table below.Thetrade has been made through DNB Markets.

New Name Purchased shareholding

Bacher, Lars Christian 223 13,375

This information is subject of the disclosure requirements pursuant tosection5-12 of the Norwegian Securities Trading Act.

This announcement is distributed by Thomson Reuters on behalf ofThomson 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#1654652]

Contact:
Lars Troen Sorensen
Senior Vice President for Investor Relations
+47 51 99 77 90
+47 90 64 91 44

Geir Bjornstad
Vice President for Investor Relations in the USA
+1 203 978 6950
+1 203 570 5757

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