STAVANGER, NORWAY--(MARKET WIRE)--Oct 7, 2008 --
Executive vice president for Exploration and Production Norway (EPN), Tore Torvund, and executive vice president for Projects, Morten Ruud, are resigning from their present posts and StatoilHydro's corporate executive committee with effect from today.

Øystein Michelsen and Helga Nes have today been appointed acting executive vice presidents for Exploration & Production Norway and Projects respectively. Both will join StatoilHydro's corporate executive committee.

Øystein Michelsen has been senior vice president for Operations North in the EPN business area since the merger. Helga Nes has been vice president for the Projects business area in charge of human relations and health, safety and the environment since the merger.

 
Contacts:

Investor relations
Lars Troen Sørensen, senior vice president, IR, + 47 90 64 91 44
(mobile phone)

Press
Ola Morten Aanestad, vice president, media relations, + 47 48 08 02
12 (mobile phone)

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