StatoilHydro Committed To Shtokman Development AG

StatoilHydro is concerned about different reports and speculations by some media sources about our engagement and commitment to the Shtokman-development.

The company would like to state the following:
StatoilHydro has worked on the Sthokman-project for many years.
StatoilHydro is fully committed to the project, and this has not changed since we signed the agreement with Gazprom in October last year.

StatoilHydro is together with our partners, Gazprom and Total, working to mature a best possible solution for the development of Shtokman
phase I – which will be subject to a final investment decision late 2009.