Statoil: Notifiable trading

On behalf of Statoil (OSE:STL, NYSE:STO), DnB NOR has on 14 October 2011
purchased 519,500 shares for use in the group's Share saving plan.

The shares have been acquired at a price of NOK 137.44 per share. Before
distribution to the employees, the Share saving plan has 7,713,351 shares.

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



[HUG#1555119]