Equinor — Board/Management Information 2010

Aug 25, 2010

New board-members suggested in Statoil

The Nomination committee in Statoil (OSE:STL, NYSE:STO) is recommending to the

company's corporate assembly to elect Lady Barbara Judge and Bjørn Tore Godal as

new members of Statoil's board of directors.

The Nomination committee is recommending the corporate assembly to re-elect

Svein Rennemo (chair of the board), Marit Arnstad (deputy chair of the board),

Roy Franklin, Grace Reksten Skaugen and Jakob Stausholm as members of the board

of directors.

Kjell Bjørndalen and Elisabeth Grieg have both informed the nomination committee

they did not want re-election to the board.

Lady Barbara Judge holds American and British citizenships. Judge has for 10

years served as a commercial lawyer focusing on securities and corporate

finance. In 1980 she became the youngest person ever appointed by The President

of The United States to the position as Commissioner, US Securities and Exchange

Commission. Between 1984 and 1994 she held a number of senior executive

positions within the financial industry. Since 1994 she has built and developed

a broad portfolio of public and private Non-Executive and Advisory roles focused

on energy and regulatory frameworks. She has inter alia served as Chair of the

UK Atomic Energy Authority from 2004 to 2010, has been Deputy Chair of the

Financial Reporting Council, the UK Regulatory Authority for Accounting and

Corporate Governance, Board member of The Energy Group of the UK Department of

Trade and Industry and has recently been elected Chairman of the UK Pension

Protection Fund. From 2000 - 2005 Judge was a founder and Executive Chairman of

Private equity Investor PLC in London. Lady Barbara Judge is a J.D from New York

University Law School and holds a Bachelor of Art in History from University of

Pennsylvania.

Bjørn Tore Godal is a Norwegian citizen. He has served as Minister for Trade and

Shipping, Minister for Defence and Minister of Foreign Affairs for a total of

eight years between 1991 and 2001. He was elected member of the Norwegian

parliament for fifteen years in the period 1986 - 2001. From 2003 - 2007 he

served as Norwegian ambassador to Germany and from 2007 - 2010 as special

advisor to the Minister of Foreign Affairs on energy- and climate related

issues.  He has held board memberships with UMOE ASA and Forretningsbanken.

Godal holds a Bachelor of Art degree from the University of Oslo in political

science, history and sociology.

Information on the existing members of the board is to be found at

www.statoil.com.

The election to Statoil's board of directors takes place in the company's

corporate assembly at Tuesday August 31. The elections will be effective from

September 1 2010 and the election period is until next ordinary elections to the

board of directors in 2012.

Contact persons:

* Olaug Svarva, chair of the Nomination Committee

* All enquiries 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)

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