OREANDA-NEWS. September 14, 2012.  The corporate assembly of Statoil ASA (OSE:STL, NYSE:STO) has elected Marjan Oudeman and Bшrge Brende as new members of Statoil's board of directors. In addition, Grace Reksten Skaugen has been elected as new deputy chairman of the board.
The election enters into effect from 15 September 2012.

All candidates were elected in accordance with the nomination committee's recommendation.

Information about the members of the board is available at www.statoil.com/board.

Contacts:

Investor relations
Hilde Merete Nafstad, vice president, investor relations
Tel: +47 957 83 911

Media
Jannik Lindbжk Jr, vice president for media relations
Tel: +47 977 55 622

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.