STATOILHYDRO ASA ANNOUNCES RESULTS OF MEETINGS OF HOLDERS OF CERTAINOUTSTANDING NOTES

Stavanger,   Norway   -   15   December   2008.   StatoilHydro    ASA
("StatoilHydro") announced  that at  meetings held  in London  on  15
December 2008 holders of its Dollar  Notes, Euro 2011 Notes and  Euro
2029 Notes  (as defined  below) approved,  by separate  extraordinary
resolutions, amendments to the terms and conditions of such Notes, as
set forth  in the  consent solicitation  statement dated  29  October
2008.  Holders of  StatoilHydro's Sterling  Notes and  Yen Notes  (as
defined  below)  approved  similar   amendments  to  the  terms   and
conditions of  such  Notes at  meetings  held on  27  November  2008.
 Accordingly, the amendments to the  terms and conditions of each  of
the Notes are implemented with effect from 15 December 2008.
 
The acceptance  conditions  set  forth in  the  consent  solicitation
statement dated 29 October 2008 have been satisfied or waived and  on
22 December 2008, StatoilHydro will make consent payments of ¥300,000
for each ¥100,000,000 nominal  amount of the Yen  Notes, £3 for  each
£1,000 nominal  amount of  the  Sterling Notes,  ¤3 for  each  ¤1,000
nominal amount of the Euro 2011 Notes and U.S.$3 for each  U.S.$1,000
nominal amount  of the  Dollar Notes  to holders  of such  Notes  who
properly delivered valid and unrevoked consents with respect to  such
Notes on or prior to 5:00 p.m.  London time on 13 November 2008  (the
"Early Expiration Date").  StatoilHydro will make consent payments of
£1 for each £1,000 nominal amount of the Sterling Notes and  ¥100,000
for each ¥100,000,000 nominal amount of  the Yen Notes to holders  of
such Notes who properly delivered valid consents with respect to such
series of Notes after  the Early Expiration Date  but prior to  10:00
a.m. London time  on 25  November 2008,  ¤1 for  each ¤1,000  nominal
amount of the Euro 2011 Notes and U.S.$1 for each U.S.$1,000  nominal
amount of the  Dollar Notes  to holders  of such  Notes who  properly
delivered valid consents with respect  to such series of Notes  after
the Early Expiration Date but prior  to 10:00 a.m. London time on  13
December 2008, and ¤300 for each ¤100,000 nominal amount of the  Euro
2029 Notes  to holders  of such  Notes who  properly delivered  valid
consents with respect  to such  series of Notes  prior to  10:00 a.m.
London time on 13 December 2008.
 
The consent solicitation relates to StatoilHydro's £225,000,000 6.125
per cent. Notes due 2028 (of which £225,000,000 are outstanding) (the
"Sterling Notes"), ¥5,000,000,000 Fixed Rate Notes due 2012 (of which
¥5,000,000,000 are outstanding) (the "Yen Notes"), ¤500,000,000 5.125
per cent. Notes due 2011 (of which ¤500,000,000 are outstanding) (the
"Euro 2011 Notes"),  U.S.$375,000,000 5.75 per  cent. Notes due  2009
(of which U.S.$375,000,000 are outstanding) (the "Dollar Notes")  and
¤20,000,000  Step-up  Notes  due  2029  (of  which  ¤20,000,000   are
outstanding) (the "Euro  2029 Notes" and  together with the  Sterling
Notes, the Yen Notes, the Euro  2011 Notes and the Dollar Notes,  the
"Notes").
 
Lucid Issuer  Services Limited  ("Lucid")  has acted  as  Information
Agent  and  Tabulation  Agent  and  Barclays  Capital  has  acted  as
Solicitation Agent.  Holders  of the Notes  who have submitted  valid
consents can  direct questions  relating to  receipt of  the  consent
payments to Lucid at +44 (0)20 7704 0880.
 
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http://hugin.info/135037/R/1277610/284831.pdf
 
This announcement was originally distributed by Hugin. The issuer is 
solely responsible for the content of this announcement.