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Statoil files OSE application to list Statoil Fuel & Retail ASA 

September 2, 2010, 09:24 CEST

Statoil ASA (OSE:STL, NYSE:STO) today, 2 September 2010, confirms that it has filed an application with the Oslo Stock Exchange for the Ordinary shares of the newly constituted Statoil Fuel & Retail ASA (SFR) to be admitted to the main list and to trading on the Oslo Stock Exchange.

This is a necessary regulatory step required to allow the planned IPO of Statoil's energy and retail business to take place in Q4 2010, if market conditions allow.

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES

This Stock Exchange Notice may not be published, distributed or transmitted in the United States. This Stock Exchange Notice does not constitute an offer to sell or the solicitation of an offer to buy any securities of SFR.  The securities mentioned herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “Securities Act”) and may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the Securities Act. 

Further information will be provided as and when available.

Contact: Jannik Lindbæk, VP media relations, Statoil ASA, Tel: +47 977 55 622

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