AGM in Statoil ASA


OSLO, Norway, May 9, 2003 (PRIMEZONE) -- The annual general meeting (AGM) in Statoil ASA (OSE:STL) (NYSE:STO) (Other OTC:SLDKF) resolved on 8 May 2003 to adopt the annual report and accounts for 2002 as proposed by the board of directors.

The proposal for the allocation of net income, including distribution of a dividend of NOK 2.90 per share to persons who were shareholders on 8 May 2003 was also resolved, with payments starting on 23 May 2003.

Statoil's ordinary shares listed on the Oslo Stock Exchange will be quoted ex dividend as of 9 May 2003. American Depository Shares (ADS) listed on the New York Stock Exchange were quoted ex dividend on 6 May 2003.

The proposal to amend the marketing instructions for Statoil ASA was considered and passed.



            

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