SEC launches informal inquiry 

September 26, 2003, 01:40 CEST

The US Securities and Exchange Commission (SEC) has informed Statoil (OSE: STL, NYSE: STO) that it is conducting an informal inquiry into matters relating to the consultancy contract for business development in Iran which has been the subject of media coverage.

It has issued a request for Statoil to produce certain documents in connection with this, and the group intends to cooperate fully with the inquiry.

Further information from:

Kai Nielsen, public affairs manager, +47 51 99 18 27 (office), +47 970 41 332 (mobile)

Lars Troen Sørensen, investor relations officer, +47 51 99 42 01(office), + 47 906 49 144 (mobile)