Statoil’s current credit ratings are as follows:

   Moody's  Standard & Poor's
Long-term rating  Aa2  AA-
Short-term rating  P-1  A-1+
Outlook  Stable  Stable
     

 Moody's

Credit Opinion, 16 November 2011

Analysis, 8 December 2010

Copyright 2005 by Moody's Investor Service
 Standard & Poor's

Full report , 23 December 2011

Reproduced with permission of Standard & Poor's.
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