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Statoil ASA: Recommendation from Statoil's nomination committee

The nomination committee in Statoil (OSE:STL, NYSE:STO) recommends that the
company's corporate assembly elects Jeroen van der Veer as a new member of
Statoil's board of directors.

Van der Veer was the Chief Executive Officer in the international oil and gas
company Royal Dutch Shell Plc (Shell) in the period 2004 to 2009, when he
retired. Van der Veer thereafter continued as a non-executive director on the
board of Shell until 2013. He started to work for Shell in 1971 and has
experience within all sectors of the business.

Van der Veer is inter alia the chair of the supervisory boards of ING Bank NV
and Royal Philips Electronics and member of the supervisory board of Boskalis
Westminster Groep NV, and has significant competence within corporate

Van der Veer is a Dutch citizen.

The board of directors in Statoil ASA currently consists of 10 board members,
whereof seven members are shareholder-elected and three members are
employee-elected. Pursuant to section 4 of the company's articles of
association, the board of directors shall have 9 - 11 member, and an
additional board member may therefore be elected in order to strengthen the
board's competence.

The election to Statoil's board of directors takes place in the company's
corporate assembly meeting, Thursday 17 March 2016. It is proposed that the
election enters into effect from18 March 2016, until the ordinary election of
shareholder-representatives to the board of directors in 2017.


* Olaug Svarva, chair of the nomination committee

* All enquiries to be directed through Statoil Corporate Press Office, Bård
Glad Pedersen, +47 918 01 791.

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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