CORRECTION: Error in reporting of trade subject to notification

The shares of a primary insider's spouse was missing in the reporting of share
trading on behalf of Statoil ASA (OSE:STL, NYSE:STO) on 15 December 2015.

This is a correction of the announcement of 15.12.2015 09:15 CEST. The
correction regards a missing number in the share trading reporting of a
primary insider's spouse.

As a participant in Statoil's share saving programme, primary insider
Margareth Øvrum in Statoil ASA has on 15 December 2015 been allocated shares
at an average price of NOK 135 per share:

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| Name Allocated shares New shareholding |
| Øvrum, Margareth 1039 42621 |
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This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Statoil via Globenewswire

HUG#1974789