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2016-05-11

Statoil ASA: Annual general meeting approves dividend of USD 0.2201 per share for fourth quarter 2015 and two-year scrip programme

On 11 May 2016 the annual general meeting of shareholders in Statoil ASA (OSE:
STL, NYSE: STO) approved the annual report and accounts for Statoil ASA for
2015, as proposed by the board of directors.

The annual accounts and the annual report for Statoil ASA and the Statoil
group for 2015 were approved, and a dividend of USD 0.2201 per share will be
distributed for the fourth quarter of 2015. The dividend accrues to the
company's shareholders as of 11 May 2016. Both Statoil's shares listed on the
Oslo Stock Exchange and American Depository Shares (ADS) listed on the New
York Stock Exchange will be traded ex-dividend as of 12 May 2016. The
expected dividend payment date for Statoil's shares on Oslo Stock Exchange is
24 June 2016. The expected payment date for dividends in USD under the US
American Depository Receipts (ADR) program is 29 June 2016.The general
meeting authorised the board of directors to resolve quarterly dividend
payments until the next ordinary annual general meeting.

The general meeting approved to introduce a two-year scrip dividend programme
commencing from the fourth quarter 2015. The programme offers shareholders
the option to receive all or part of the quarterly dividend in cash or in
newly issued shares in Statoil. Under the programme, the general meeting
resolved a share capital increase for dividend related to fourth quarter
2015, and gave authorisation to the board of directors to increase the share
capital in connection with payment of dividend for first quarter to third
quarter 2016.

In the dividend issue relating to the dividend for the fourth quarter of 2015,
up to 160,000,000 new shares will be issued. The shares in Statoil will be
traded ex. right to participate in the dividend issue from and including 12
May 2016. There will be a subscription period of at least ten days for the
dividend issue, expected to commence in the end of May. The subscription
price shall be set to the volume-weighted average share price on Oslo Stock
Exchange of the last two trading days of the subscription period for the
dividend issue, with a deduction for a discount of 5%. Further information
will be provided prior to the commencement of the subscription period.

The following persons were elected as members of the corporate assembly in
Statoil ASA effective as from 12 May 2016 and until the annual general
meeting in 2018:

Tone Lunde Bakker (nominated as chair for the corporate assembly's election)
(new nomination as chair, existing member), Nils Bastiansen (nominated as
deputy chair for the corporate assembly's election) (new member), Greger
Mannsverk (existing member), Steinar Olsen (existing member), Ingvald
Strømmen (existing member), Rune Bjerke (existing member), Siri Kalvig
(existing member), Terje Venold (existing member), Kjersti Kleven (existing
member), Birgitte Ringstad Vartdal (new member, existing 4. deputy member),
Jarle Roth (new member) and Kathrine Næss (new member).

The following persons were elected as deputy members for the
shareholder-elected members of the corporate assembly in Statoil ASA
effective as from 12 May 2016 and until the annual general meeting in 2018:

Kjerstin Fyllingen (new deputy member), Nina Kivijervi Jonassen (existing
deputy member), Håkon Volldal (new deputy member), and Kari Skeidsvoll Moe
(new deputy member).

The following persons were elected as members of Statoil ASA's nomination
committee effective as from 12 May 2016 and until the annual general meeting
in 2018:

Tone Lunde Bakker, chair (existing member, new chair), Tom Rathke (existing
member), Elisabeth Berge (existing member), Jarle Roth (new member), and
Bjørn Ståle Haavik (personal deputy member for Elisabeth Berge) (existing
deputy).

The general meeting endorsed the board's report on Corporate Governance.
Furthermore, the general meeting endorsed the board's declaration on
stipulation of salary and other remuneration for executive management, and
approved the parts of the proposal related to remuneration linked to the
development of the company's share price. Remuneration to the company's
external auditor was also approved.

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.

A proposal from a shareholder had been submitted in advance, suggesting that
the board presents a revised strategy reflecting the company's joint
responsibility for helping meet the current energy demand within the
framework of national and international climate targets. This proposal was
not adopted.

Another proposal also submitted by a shareholder was that Statoil would
establish a risk management investigation committee. This proposal was not
adopted.

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

Contact persons:

Investor relations

Peter Hutton, senior vice president for investor relations,
Tel: +44 7881 918 792

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

Press

Bård Glad Pedersen, vice president for media relations,
Tel: +47 91 80 17 91

This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)

Minutes of the Annual General Meeting in Statoil ASA 11 May 2016
http://hugin.info/132799/R/2012010/745095.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#2012010

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