Statoil’s share saving plan allocates shares 

September 20, 2006, 10:00 CEST

The shares purchased by DnB NOR on behalf of Statoil (OSE:STL, NYSE:STO) on 15 September 2006 for use in the group’s share saving plan have on 19 September 2006 been distributed to the employees in accordance with their savings amount. Following this, the share saving plan has 1,112,846 shares.

Closely related to primary insider Jacob S. Middelthon, has been allocated shares in accordance to the saving amount. The number of new shares is 25 at an average price of NOK 175.67 per share. Following this, Jacob S. Middelthon holds 2361 shares.