Re-Election of Statoil's Board of Directors and Chair of Corporate Assembly

STAVANGER, NORWAY -- (Marketwire) -- 06/13/12 -- The corporate assembly of Statoil (OSE: STL, NYSE: STO) has in their meeting on 13 June 2013 re-elected Olaug Svarva as chair and Idar Kreutzer as deputy chair of Statoil's corporate
assembly.

Svein Rennemo, Marit Arnstad, Grace Reksten Skaugen, Roy Franklin, Bjørn Tore Godal, Lady Barbara Judge and Jakob Stausholm were re-elected as members of the board of directors. Svein Rennemo was re-elected as chair of the board of directors, while Marit Arnstad was re-elected as deputy chair of the board of directors.

All members of the board of directors were re-elected for a period of one year, until the next ordinary election of the board's shareholder representatives in 2013.

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

This information is subject of the disclosure requirements pursuant to
section 5-12 of the Norwegian Securities Trading Act.

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Source: Statoil via Thomson Reuters ONE [HUG#1619488]



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