Statoil US Employee Share Savings plan allocates shares

2/3/2012 2:54 AM EST

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 February 2012:

 Date of allocation   Allocated shares*   New share holding*

 02 February
                             101.284091          4718.165569


*American Depositary Receipts (ADR)

In the notification that was published on 04 January, new share holding was
incorrectly set at 7085.084955. The correct number was 4616.881478.

This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.



[HUG#1582402]