Statoil's share saving plan allocates shares

The shares purchased by DnB NOR on behalf of Statoil (OSE:STL, NYSE:STO) on 15
November 2010 for use in the group's share saving plan have on 17 November 2010
been distributed to the employees in accordance with their savings amount.

Following this, the share saving plan has 6,869,731 shares.

This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)



[HUG#1463223]