Statoil: Election to Statoil's Board

STAVANGER, NORWAY -- (Marketwire - Sep 14, 2012) - The corporate assembly of Statoil ASA (OSE:STL, NYSE:STO) has elected Marjan Oudeman and Børge Brende as new members of Statoil's board of directors. In addition, Grace Reksten Skaugen has been elected as new deputy chairman of the board.

The election enters into effect from 15 September 2012.

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

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

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

This announcement is distributed by Thomson Reuters on behalf of Thomson 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]



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