Annual General Meeting Held in StatoilHydro ASA

STAVANGER, NORWAY, May 20 (MARKET WIRE) --
The ordinary general meeting in StatoilHydro ASA (OSE: STL) (NYSE: STO)
resolved on 20 May 2008 to adopt the annual report and accounts for StatoilHydro
ASA
and the Statoil group for 2007, as proposed by board of directors.

The proposal for the allocation of net income, including distribution a
total
dividend of NOK 8.50 per share, NOK 4.30 per share of which is special
dividend, was also adopted. The dividend applies to who were shareholders on 20
May 2008 with payments starting on May 2008.

StatoilHydro`s shares listed on the Oslo Stock Exchange (Oslo Bors) be
traded
ex dividend as of 21 May 2008, including American Depository Shares (ADS) listed
on the New York Stock Exchange.

The ordinary general meeting approved the nomination committee's proposal of
new
members to the corporate assembly and nomination committee.

The ordinary general meeting approved the board`s declaration on
remuneration for top management. It also approved the compensation to company's
auditor, the corporate assembly and the nomination committee.

The ordinary general meeting also authorised the board to repurchase shares
for implementation of the employee share saving plan in accordance with the
board`s proposal.

See the complete minutes of the ordinary general meeting.

Copyright Copyright Hugin AS 2008. All rights reserved.

Contacts:

Media:
Ola Morten Aanestad
vice president for media relations:
+ 47 48 08 02 12 (mobile)
+47 51 99 13 77 (office)

Investor relations:
Lars Troen Sorensen
senior vice president for IR:
+ 47 90 64 91 44 (mobile)
+47 51 99 77 90 (office)

Geir Bjornstad
vice president, US investor relations:
+1 203 978 69 50

Copyright 2008, Market Wire, All rights reserved.

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