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Statoil: Election to Statoil's Board


September 14, 2012 - Stavanger, Norway

The corporate assembly of Statoil ASA(OSE:STL, NYSE:STO) has elected MarjanOudeman and Børge Brende as new members of Statoil's board ofdirectors. Inaddition, Grace Reksten Skaugen has been elected as new deputy chairman oftheboard.

The election enters into effect from 15 September 2012.

All candidates were elected in accordance with the nomination committee'srecommendation.

Information about the members of the board is available atwww.statoil.com/board.

This information is subject of the disclosure requirements pursuant tosection5-12 of the Norwegian Securities Trading Act.

This announcement is distributed by Thomson Reuters on behalf ofThomson Reuters clients. The owner of this announcement warrants that:

(i) the releases contained herein are protected by copyright and other applicable laws; and

(ii) they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Statoil via Thomson Reuters ONE[HUG#1641151]

Contacts:

Investor relations
Hilde Merete Nafstad
vice president, investor relations
Tel: +47 957 83 911

Media
Jannik Lindbaek Jr
vice president for media relations
Tel: +47 977 55 622

MarketWire

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