The new settlement date is November 23, 2012. The change in settlement date aligns the first interest period for the Reopened 2041 Notes with the originally issued 4.250% Notes due November 23, 2041.

The settlement date in relation to the issue of USD 600,000,000 1.200% Notes due January 17, 2018 and the issue of USD 1,100,000,000 2.450% Notes due January 17, 2023, also priced on November 14, 2012, remains unchanged and is November 21, 2012.

Further information from:

Investor relations:
Hilde Merete Nafstad, Senior vice president,
+47 957 83911

Morten Sven Johannessen, VP Investor Relations USA,
+1 2039786950 / +1 2035702524

Press:
Fredrik Norman, media relations,
+47 918 66567

Finance:
Tron Vormeland, Vice president, Corporate financing,
+47 905 40135 (mobile), +47 51 99 42 97 (office)

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This announcement does not constitute an offer to sell or the solicitation of an offer to buy any securities of Statoil ASA nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.

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