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Statoil ASA: Catherine Hughes leaves the board of directors

Catherine Hughes has informed that she will resign from her position as member
of the board of directors in Statoil ASA (OSE: STL, NYSE: STO) with immediate
effect in order to avoid potential conflicts of interest following a recent
change of circumstances.

The nomination committee in Statoil will commence 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.


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

Jannik Lindbæk Jr, vice president, media relations
Tel: +47 977 55 622

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


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


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