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Statoil US Employee Share Savings plan allocates shares 

May 4, 2011, 12:34 CEST

As participant in the Statoil US Employee Share Savings plan, the Statoil ASA primary-insider Mr. William Maloney has been allocated the following number of shares in May 2011:

Date of allocation Allocated shares*  New share holding*
 04 May 88.928452 3636.280184

*American Depositary Receipts (ADR)

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