Equinor - Board/Management Information 2014

Recommendation from Statoil's nomination committee

The nomination committee in Statoil (OSE:STL, NYSE:STO) recommends that the

company's corporate assembly elects Øystein Løseth as new members of Statoil's

board of directors.

Furthermore, the nomination committee recommends the re-election of Svein

Rennemo (chair), Grace Reksten Skaugen (deputy chair), Bjørn Tore Godal, Maria

Johanna Oudeman, Jakob Stausholm, Catherine Hughes and James Mulva as members of

the board of directors.

Øystein Løseth is a Norwegian citizen. Øystein Løseth has significant managerial

experience in the energy sector, with particular expertise and experience from

the European energy market.Since 2010, Løseth has been appointed as the CEO, and

before that as a First Senior Executive Vice President since 2009, of Vattenfall

AB, one of Europe's largest energy companies. In the period 2003 - 2009, Løseth

worked for NUON, the Dutch energy company, first as Division Managing Director,

then as a Managing Director and the CEO, from 2005 and 2008 respectively. Prior

to this, Løseth was the Head of Production, Business Development and R&D of

Statkraft from 2002 to 2003. In addition, he has other extensive management

experience from Statkraft and Statoil, within strategy and business development

among others. He graduated as M.Sc. from the Norwegian University of Science and

Technology and as B.Sc. in Business Management from BI Norwegian School of

Management in Bergen.

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

corporate assembly Tuesday 10 June 2014. For the board members running for re-

election, it is proposed that the election enters into effect from 1 July 2014

until the next ordinary election of shareholder-representatives to the board of

directors in 2015. For Øystein Løseth, it is proposed that the election enters

into effect from 1 October 2014, as he will from this date leave his position as

President and CEO of Vattenfall AB. Also, for Øystein Løseth, it is proposed

that the election is effective until the next ordinary election of shareholder-

representatives to the board of directors in 2015.

Further information:

Press

Jannik Lindbæk Jr., vice president for media relations,

Tel: +47 97 75 56 22

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1790194]

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