STAVANGER, NORWAY--(Marketwire - Feb 3, 2012) -

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.

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(ii) they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Statoil via Thomson Reuters ONE

[HUG#1582402]