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Notifiable trading 

November 16, 2006, 08:00 CET

On behalf of Statoil (OSE:STL, NYSE:STO), DnB NOR has on 15 November 2006 purchased 125,500 shares for use in the group’s share saving plan.

The shares have been acquired at a price of NOK 174.10 per share.

Before distribution to the employees, the share saving plan has 1,284,372 shares.