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Execution of Debt Capital Markets Transaction

October 8, 2009, 09:54 CEST

Issue of US$ 900,000,000 2.90 % Notes due 15 October 2014.

The net proceeds from the issue of the Notes will be used for general corporate purposes. The transaction will increase the financial flexibility of the company.

The deal has been fully placed.  The settlement date is 15 October 2009.

StatoilHydro ASA Notes are expected to receive Aa2 and AA- credit ratings from Moody's and Standard & Poor's, respectively.

Any public offering in the United States is being made solely by means of a prospectus supplement to the prospectus included in the Registration Statement filed by StatoilHydro ASA and StatoilHydro Petroleum AS and previously declared effective.

For further information, please contact:

Investor relations:
Lars Valdresbråten, IR officer, +47 40 28 17 89
Geir Bjørnstad, vice president, US investor relations, + 1 203 978 6950

Finance:
Tron Vormeland, vice president, corporate financing, +47 90 54 01 35 (mobile), +47 51 99 42 97
(office)

 

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This announcement does not constitute an offer to sell or the solicitation of an offer to buy any securities of StatoilHydro ASA nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.

This information is subject of the disclosure requirements acc. to § 5-12 vphl (Norwegian Securities Trading Act)