Mandatory notification of trade - Statoil ASA

The following primary insider in Statoil Fuel and Retail ASA (OSE:SFR) has sold
shares in Statoil ASA (OSE:STL, NYSE:STO):

Bård Standal, General Counsel in Statoil Fuel & Retail ASA has on 14 March 2011
sold 1,738 shares in Statoil ASA at a price of NOK 147.10 per share and will
after the sale hold 0 shares in Statoil ASA.

Further information

Investor relations
Hilde Merete Nafstad, senior vice president investor relations,
+47 957 83 911 (mobile)

Morten Sven Johannessen, vice president investor relations USA,
+ 1 203 570 2524 (mobile)

Press
Jannik Lindbæk jr., vice president for media relations,
+47 977 55 622 (mobile)

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


[HUG#1496865]