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Statoil’s share saving plan allocates shares 

July 19, 2005, 11:00 CEST

The shares purchased by DnB NOR on behalf of Statoil (OSE:STL, NYSE:STO) on 14 July 2005 for use in the group’s share saving plan will be distributed on 19 July 2005 to the employees in accordance with their savings amount.

Following this, the share saving plan will have 481 080 shares.