Statoil ASA: Jakob Stausholm leaves the board of directors of Statoil

Jakob Stausholm has informed that he will resign from his position as member of the board of directors in Statoil ASA (OSE: STL, NYSE: STO) with immediate effect in order to avoid potential conflicts of interests following his new appointment as CFO of the Maersk group. Stausholm takes up his new position as from 1 December 2016.

The nomination committee in Statoil will commence its search for a new board member, to allow for the corporate assembly to conduct a by-election when the nomination committee's recommendation is ready. Tone Lunde Bakker is chair of the nomination committee in Statoil.

Contacts:

Tone Lunde Bakker, chair of the nomination committee

All enquiries to be directed through Statoil Corporate Press Office, Bård Glad Pedersen, [phone].

This information is subject of the disclosure requirements acc. to § 5-12 vphl (Norwegian Securities Trading Act)

CONTACT:  Peter Hutton, SVP Investor Relations,
          mbl: [phone]

          Morten Sven Johannessen, VP Investor Relations USA,
          mbl [phone]