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2014-05-14

Statoil: Annual general meeting approves dividend of NOK 7.00 per share

On 14 May 2014 the annual general meeting of shareholders in Statoil ASA (OSE:
STL, NYSE: STO) adopted the annual report and accounts for Statoil ASA for
2013, as proposed by the board of directors.

The annual accounts and the annual report for Statoil ASA and the Statoil
group for 2013 were approved, and a dividend of NOK 7.00 per share will be
distributed. The dividend accrues to the shareholders as of 14 May 2014.
Statoil's shares listed on the Oslo Stock Exchange (Oslo Børs) will be traded
ex-dividend as of 15 May 2014. American Depositary Shares (ADS) listed on the
New York Stock Exchange will be traded ex-dividend as of 15 May 2014. The
expected dividend payment for Statoil's shares on Oslo Stock Exchange (Oslo
Børs) is on 28 May 2014. The expected payment date for dividends in USD under
the US American Depository Receipts (ADR) program is 4 June 2014.

The general meeting authorised the board to implement quarterly dividend
payments from 1. quarter 2014. The board has approved the payment of interim
dividend for 1. quarter 2014 of NOK 1.80 per share, provided that there is an
approved registration of the authorisation in the Norwegian Brønnøysund
Register Centre. The interim dividend accrues to the shareholders as of 13
August 2014. Statoil's shares listed on Oslo Stock Exchange (Oslo Børs) and
the American Depositary Shares (ADS) listed on New York Stock Exchange will
be traded ex-dividend as of 14 August 2014. The expected dividend payment
date for Statoil's shares on Oslo Stock Exchange (Oslo Børs) is on 28 August
2014. The expected payment date for dividends in USD under the US American
Depository Receipts (ADR) program is 5 September 2014.

Olaug Svarva (chair), Tom Rathke and Elisabeth Berge were re-elected, and Tone
Lunde Bakker was newly elected, as members of the nomination committee for
the period until the 2016 annual general meeting. Johan A. Alstad was
re-elected as personal deputy for Elisabeth Berge for the same period.

Persons elected as members of the corporate assembly for the period until the
2016 annual general meeting were the following: Olaug Svarva (nominated as
chair for the corporate assembly election) (existing member and chair), Ida
Kreutzer (nominated as deputy chair for the corporate assembly's election)
(existing member and deputy chair, Karin Aslaksen (existing member), Greger
Mannsverk (existing member), Steinar Olsen (existing member), Ingvald
Strømmen (existing member), Rune Bjerke (existing member), Siri Kalvig
(existing member), Barbro Hætta (existing member), Terje Venold (new member),
Tone Lunde Bakker (new member), and Kjersti Kleven (new member).

Persons elected as deputy members of the corporate assembly for the period
until the 2016 annual general meeting were the following: Arthur Sletteberg
(existing deputy member), Bassim Haj (existing deputy member), Nina Kivijervi
Jonassen (new deputy member) and Birgitte Vartdal (new deputy member).

The general meeting gave its approval of the board's statement on stipulation
of salary and other remuneration for the executive management. It also
approved the remuneration to the company's auditor, the corporate assembly
and the nomination committee.

The general meeting authorised the board to acquire shares in Statoil ASA in
the market in order to continue the share saving plan for employees. The
general meeting also authorised the board to acquire shares in Statoil ASA in
the market for subsequent annulment.

Three proposals had been submitted by shareholders in advance, namely that
Statoil should withdraw from oil sands activities in Canada, that Statoil
should not operate in icy laden waters in the Arctic and that Statoil should
terminate its engagements in Angola and Azerbaijan and re-invest the released
capital in increasedresearch,
development and production of sustainable energy. These proposals were not
adopted.

Please find the complete minutes of the annual general meeting enclosed.

Further information:

Investor relations

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

Morten Sven Johannessen, vice president for investor relations USA,
Tel: + 1 203 570 2524

Press

Jannik Lindbæk Jr., vice president for media relations,
Tel: +47 97 75 56 22

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

Minutes of Annual General Meeting in Statoil ASA 2014
http://hugin.info/132799/R/1785577/612340.pdf

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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#1785577

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