Equinor — AGM Information 2016

May 11, 2016

Statoil ASA: Annual general meeting approves dividend of USD 0.2201 per share for fourth quarter 2015 and two-year scrip programme

Statoil ASA: Annual general meeting approves dividend of USD 0.2201 per share for fourth quarter 2015 and two-year scrip programme

On 11 May 2016 the annual general meeting of shareholders in Statoil ASA (OSE:

STL, NYSE: STO) approved the annual report and accounts for Statoil ASA for

2015, as proposed by the board of directors.

The annual accounts and the annual report for Statoil ASA and the Statoil group

for 2015 were approved, and a dividend of USD 0.2201 per share will be

distributed for the fourth quarter of 2015. The dividend accrues to the

company's shareholders as of 11 May 2016. Both Statoil's shares listed on the

Oslo Stock Exchange and American Depository Shares (ADS) listed on the New York

Stock Exchange will be traded ex-dividend as of 12 May 2016. The expected

dividend payment date for Statoil's shares on Oslo Stock Exchange is 24 June

2016. The expected payment date for dividends in USD under the US American

Depository Receipts (ADR) program is 29 June 2016.The general meeting authorised

the board of directors to resolve quarterly dividend payments until the next

ordinary annual general meeting.

The general meeting approved to introduce a two-year scrip dividend programme

commencing from the fourth quarter 2015. The programme offers shareholders the

option to receive all or part of the quarterly dividend in cash or in newly

issued shares in Statoil. Under the programme, the general meeting resolved a

share capital increase for dividend related to fourth quarter 2015, and gave

authorisation to the board of directors to increase the share capital in

connection with payment of dividend for first quarter to third quarter 2016.

In the dividend issue relating to the dividend for the fourth quarter of 2015,

up to 160,000,000 new shares will be issued. The shares in Statoil will be

traded ex. right to participate in the dividend issue from and including 12 May

2016. There will be a subscription period of at least ten days for the dividend

issue, expected to commence in the end of May. The subscription price shall be

set to the volume-weighted average share price on Oslo Stock Exchange of the

last two trading days of the subscription period for the dividend issue, with a

deduction for a discount of 5%. Further information will be provided prior to

the commencement of the subscription period.

The following persons were elected as members of the corporate assembly in

Statoil ASA effective as from 12 May 2016 and until the annual general meeting

in 2018:

Tone Lunde Bakker (nominated as chair for the corporate assembly's election)

(new nomination as chair, existing member), Nils Bastiansen (nominated as deputy

chair for the corporate assembly's election) (new member), Greger Mannsverk

(existing member), Steinar Olsen (existing member), Ingvald Strømmen (existing

member), Rune Bjerke (existing member), Siri Kalvig (existing member), Terje

Venold (existing member), Kjersti Kleven (existing member), Birgitte Ringstad

Vartdal (new member, existing 4. deputy member), Jarle Roth (new member) and

Kathrine Næss (new member).

The following persons were elected as deputy members for the shareholder-elected

members of the corporate assembly in Statoil ASA effective as from 12 May 2016

and until the annual general meeting in 2018:

Kjerstin Fyllingen (new deputy member), Nina Kivijervi Jonassen (existing deputy

member), Håkon Volldal (new deputy member), and Kari Skeidsvoll Moe (new deputy

member).

The following persons were elected as members of Statoil ASA's nomination

committee effective as from 12 May 2016 and until the annual general meeting in

2018:

Tone Lunde Bakker, chair (existing member, new chair), Tom Rathke (existing

member), Elisabeth Berge (existing member), Jarle Roth (new member), and Bjørn

Ståle Haavik (personal deputy member for Elisabeth Berge) (existing deputy).

The general meeting endorsed the board's report on Corporate Governance.

Furthermore, the general meeting endorsed the board's declaration on stipulation

of salary and other remuneration for executive management, and approved the

parts of the proposal related to remuneration linked to the development of the

company's share price. Remuneration to the company's external auditor was also

approved.

The general meeting authorised the board to acquire shares in Statoil ASA in the

market in order to continue the share saving plan for employees. The general

meeting also authorised the board to acquire shares in Statoil ASA in the market

for subsequent annulment.

A proposal from a shareholder had been submitted in advance, suggesting that the

board presents a revised strategy reflecting the company's joint responsibility

for helping meet the current energy demand within the framework of national and

international climate targets. This proposal was not adopted.

Another proposal also submitted by a shareholder was that Statoil would

establish a risk management investigation committee. This proposal was not

adopted.

Please find enclosed the complete minutes of the annual general meeting.

Contact persons:

Investor relations

Peter Hutton, senior vice president for investor relations,

Tel: +44 7881 918 792

Morten Sven Johannessen, vice president for investor relations USA,

Tel: + 1 203 570 2524

Press

Bård Glad Pedersen, vice president for media relations,

Tel: +47 91 80 17 91

This information is subject of the disclosure requirements acc. to §5-12 vphl

(Norwegian Securities Trading Act)

[HUG#2012010]