Horton Investments Ltd News

Statoil (OSE: STL, NYSE: STO) announced that the Deferred Prosecution Agreement (DPA) the company entered into as a part of the settlement of  the Horton case, has expired as scheduled. On 13 October 2006 the company reached agreements with the US Securities and Exchange Commission (SEC), the US Department of Justice (DOJ), and the United States Attorney's Office for the Southern District of New York (USAO) that settled the agencies' investigations under US law related to Statoil's 2002 contract with Horton Investments Ltd. for business development in Iran. StatoilHydro has fulfilled its obligations under the DPA, and the criminal charges have now been dismissed.