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Statoil ASA: Election to Statoil's board of directors

In a meeting in the Corporate Assembly of Statoil ASA (OSE:STL, NYSE:STO) on
20 August 2015 Wenche Agerup was elected as a new member of Statoil's board
of directors.

Wenche Agerup was the Executive Vice President for Corporate Staffs and the
General Counsel of Norsk Hydro ASA from 2010 to 31 December 2014. She has
held various executive roles in Hydro since 1997, including within the
company's M&A-activities, the business area Alumina, Bauxite and Energy, as a
plant manager at Hydro's metal plant in Årdal and as a project director for a
Joint Venture in Australia where Hydro cooperated with the Australian listed
company UMC. Through her work in Hydro, Agerup has developed a significant
business and strategic competence. Agerup is currently a board member in Oslo
Børs Holding VPS ASA/Oslo Børs ASA (the Oslo Stock Exchange) and the seismic
company TGS, and has competence and experience within corporate governance.

The election enters into effect from 21 August 2015 and until the ordinary
election of shareholder-elected members to the board of directors in 2016.
Agerup was elected in accordance with the proposal from the nomination

Olaug Svarva, chair of the nomination committee

All enquiries to be directed through Statoil Corporate Press Office, Jannik
Lindbæk, +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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