Ordinary general meeting held in Statoil ASA (vedlegg) 

May 15, 2007, 22:00 CEST

The ordinary general meeting in Statoil ASA resolved on 15 May 2007 to adopt the annual report and accounts for Statoil ASA and the Statoil group for 2006, as proposed by the board of directors.

The proposal for the allocation of net income, including distribution of a total dividend of NOK 9.12 per share, NOK 5.12 per share of which is special dividend, was also adopted. The dividend applies to those who were shareholders on 15 May 2007 with payments starting on 5 June 2007.

Statoil’s ordinary shares listed on the Oslo Stock Exchange (Oslo Børs) will be traded ex dividend as of 16 May 2007. American Depository Shares (ADS) listed on the New York Stock Exchange were quoted ex dividend on 11 May 2007.

The ordinary general meeting approved the board’s declaration on remuneration for top management.

The ordinary general meeting also authorised the board to re-acquire own shares for subsequent annulment. The authorisation is valid until the next ordinary general meeting and applies for the acquisition of up to 50,000,000 shares in the market, at a price of between NOK 50 and NOK 500 per share. The ordinary general meeting also authorised the board to repurchase own shares for implementation of the employee share saving plan in accordance with the board’s proposal.

Read the minutes of the ordinary general meeting >>


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