June 20, 2012 at 01:31 AM EDT
Statoil: Marit Arnstad leaves the board in Statoil

STAVANGER, NORWAY -- (Marketwire) -- 06/20/12 -- Marit Arnstad has informed that she will resign from her position as deputy chair and member of the board of directors in Statoil ASA (OSE: STL, NYSE: STO) with immediate effect.

The nomination committee in Statoil will start its search for a new board member, and the corporate assembly will make a by-election when the nomination committee's recommendation is ready. Olaug Svarva is chair of the nomination committee in Statoil.

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#1620820]

Contacts:

Investor relations
Hilde Merete Nafstad
senior vice president, investor relations
Tel: +47 95783911

Media
Jannik Lindbaek Jr
vice president, media relations
Tel: +47 97755622

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