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2016-09-12

Statoil ASA: Subscription price set for the Dividend Issue for the first quarter 2016 under the Scrip Dividend Programme

Reference is made to the announcement made on 29 August 2016 by Statoil ASA
(OSE:STL, NYSE:STO) regarding the dividend issue for the first quarter 2016
("the Dividend Issue").

The subscription price shall, in accordance with the resolution made by the
board of directors on 26 July 2016,be equal to the volume-weighted average
share price over the last two trading days (8 and 9 September 2016) on Oslo
Børs ("Oslo Stock Exchange") of the subscription period for the Dividend
Issue, with a deduction of a discount of 5%.

The volume-weighted average share price for the respective trading days was
NOK 133.23. The subscription price per share is consequently NOK 126.57.

For holders of American Depositary Receipts, the applicable USDNOK exchange
rate has been defined as the average of the Central Bank of Norway's exchange
rate over the last two trading days of the Subscription Period for the
Dividend Issue. The average exchange rate for these respective days was
8.1732. The subscription price per share for ADR-holders is consequently USD
15.49.

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

This announcement and the information contained herein does not constitute or
form a part of, and should not be construed as, an offer for sale or
subscription for or solicitation or invitation of any offer to subscribe for
or purchase of dividend shares or any other securities of the Company and
cannot be relied on for any investment contract or decision. It may be
unlawful to distribute this announcement in certain jurisdictions. This
announcement is not for distribution in any jurisdiction in which prior
registration or approval is required for that purpose. No steps have been
taken or will be taken in any jurisdiction outside of Norway in which such
steps would be required. No competent authority or any other regulatory body
has passed upon the adequacy of this document or approved or disapproved the
distribution of dividend shares outside of Norway. Any representation to the
contrary may be a criminal offense.

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This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq 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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