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StatoilHydro: STATOILHYDRO ASA ANNOUNCES RESULTS OF MEETINGS OF HOLDERS OF CERTAIN OUTSTANDING NOTES

^{Published on 2008-11-28 03:42:31 - Market Wire}
 

STAVANGER, NORWAY--(Marketwire - November 28, 2008) - StatoilHydro ASA ("StatoilHydro") announced today that holders of its Sterling Notes and Yen Notes (as defined below) have 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.

StatoilHydro also announced today that the meetings of the holders of the Euro 2029 Notes, the Euro 2011 and the Dollar Notes (as defined below) were adjourned until 15 December 2008. A notice of adjourned meeting is being sent to the holders of each of the Euro 2029 Notes, the Euro 2011 and the Dollar Notes. The Late Expiration Date for holders to deliver consents in connection with the consent solicitations for the proposed amendments for the Euro 2029 Notes, the Euro 2011 and the Dollar Notes has been extended and, subject to satisfaction and/or waiver of all acceptance conditions, StatoilHydro will make consent payments to holders of such Notes who have properly delivered valid consents prior to 10:00 a.m. London time on 13 December 2008, unless such date is extended by StatoilHydro ASA.

The consent solicitation relates to StatoilHydro ASA's EUR 20,000,000 Step-up Notes due 2029 (of which EUR 20,000,000 are outstanding) (the "Euro 2029 Notes"), £225,000,000 6.125 per cent. Notes due 2028 (of which £225,000,000 are outstanding) (the "Sterling Notes"), JPY5,000,000,000 Fixed Rate Notes due 2012 (of which JPY5,000,000,000 are outstanding) (the "Yen Notes"), EUR 500,000,000 5.125 per cent. Notes due 2011 (of which EUR 500,000,000 are outstanding) (the "Euro 2011 Notes") and 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 together with the Euro 2029 Notes, the Sterling Notes, the Yen Notes and the Euro 2011 Notes, the "Notes").

The consent solicitation for the Notes is being made upon the terms and is subject to the conditions set forth in the consent solicitation statement dated 29 October 2008.

Barclays Capital is acting as Solicitation Agent. Questions with respect to the terms of the consent solicitation should be directed to Barclays Capital at +44 (0)20 7773 8990.

Lucid Issuer Services Limited ("Lucid") is acting as Information Agent and Tabulation Agent with respect to the consent solicitation. Requests for assistance in completing and delivering the consent solicitation statement, related documents, requests for additional copies of such documents and questions relating to the payment of the consent payments should be directed to Lucid at +44 (0)20 7704 0880.

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

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