Statoil’s share saving plan allocates shares 

April 20, 2006, 17:15 CEST

The shares purchased by DnB NOR on behalf of Statoil (OSE:STL, NYSE:STO) on 18 April 2006 for use in the group’s share saving plan have on 20 April 2006 been distributed to the employees in accordance with their savings amount. Following this, the share saving plan has 916,678 shares.

As participants in Statoil’s share saving plan, the primary insiders below have been allocated shares in accordance with their savings amount at an average price of NOK 178.75 per share:

Name New shares New shares holding
Helge Lund
428
3684
Eldar Sætre
115
1593
Jon Arnt Jacobsen
205
1912
Terje Overvik
228
1445
Peter Mellbye
92
2935
Margareth Øvrum
115
2143
Inge Eivind Sørvik
25
872
Rune Bjørnson
137
434
Nina Udnes Tronstad
138
138
Reidar Gjærum
118
1108
Jacob S Middelthon
48
1721
Anne Margrethe Middelthon
25
615
Ola Morten Aanestad
69
351
Lars Troen Sørensen
44
739
Kjell-Erik Østdahl
61
61
Torgrim Reitan
84
366
Marit Bø Reitan
25
212
Kåre Thomsen
90
2183
May-Marie Thomsen
39
573
Ann-Elisabeth Serck-Hanssen
48
442
Sverre Serck-Hanssen
70
909
Stig H. Christiansen
70
159
Stein Egil Næss
115
752
Stein Bredal
33
385
Morten Svaan
14
483

When Statoil was listed in 2001, 25 million shares were established for use in a bonus programme aimed at small shareholders. The number of unused shares remaining as of 20 April 2006 is 23,441,885. These shares are recorded in the share register as Statoil's own shares, but they cannot be used by the company without the approval of the annual general meeting.