Report of DeGolyer and MacNaughton 

DeGolyer and MacNaughton, independent petroleum engineering consultants, carried out an independent evaluation of StatoilHydro's proven reserves as of 31 December 2008.

DeGolyer and MacNaughton, independent petroleum engineering consultants, have performed an independent evaluation of StatoilHydro's proved reserves as of 31 December 2008.

A copy of the summary letter report from DeGolyer and MacNaughton, describing their procedures and conclusions, is included below.

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