26 July 2012

Statoil ASA transferred its shares of “Shtokman Development AG” to Gazprom

On July 25, 2012 Norwegian Company Statoil ASA transferred its 24 % of shares of SDAG to ОАО Gazprom at the shareholders meeting. Helge Lund and Torgeir Kudland resigned from the BOD respectively.

The transfer was stipulated in an earlier signed contract and the transfer took place in the strict compliance with the terms of the initial Shareholders Agreements.