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Statoil: Notifiable trading

STAVANGER, NORWAY -- (Marketwire) -- 11/16/12 -- On behalf of Statoil (OSLO: STL) (NYSE: STO), DNB has on 15 November 2012 purchased 618,750 shares for use in the group's Share saving plan.

The shares have been acquired at a price of NOK 137.37 per share.

Before distribution to the employees, the Share saving plan has 8,691,603 shares.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

This announcement is distributed by Thomson Reuters on behalf of Thomson 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#1658650]

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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