On behalf of Statoil (OSE: STL) (NYSE: STO), DnB NOR has on 15 June 2011 purchased 517,000 shares for use in the group's Share saving plan.

The shares have been acquired at a price of NOK 133.32 per share. Before distribution to the employees, the Share saving plan has 6,674,031 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.

[HUG#1523846]

Investor Relations Hilde Merete Nafstad Senior Vice President Investor Relations Tel: +47 957 83 911 Morten Sven Johannessen Vice President Investor Relations USA Tel: +1 203 570 2524 Media Bard Glad Pedersen Press Spokesperson Media Relations Tel: +47 91 80 17 91

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