Equinor — Board/Management Information 2015

Jun 10, 2015

Statoil ASA: Election to Statoil's board of directors

Statoil ASA: Election to Statoil's board of directors

In a meeting in the Corporate Assembly of Statoil ASA (OSE:STL, NYSE:STO) on 9

June 2015  Øystein Løseth was elected as new chair and Roy Franklin as a new

member and deputy chair of Statoil's board of directors.

Chair of the board Svein Rennemo and board member Jim Mulva had in advance

informed the nomination committee that they did not wish to stand for re-

election in 2015. Bjørn Tore Godal, Jakob Stausholm and Marjan Oudeman were re-

elected as members of the board of directors. Board member Rebekka Glasser

Herlofsen, who was elected to the board from 19 March 2015, has been elected

until the ordinary election of shareholder-elected members to the board of

directors in 2016.

Øystein Løseth has been a member of Statoil ASA's board of directors since 1

October 2014 and is a member of the board's audit committee. Løseth has

significant top managerial experience in the energy sector, with particular

expertise and experience from the European energy market. He worked in

Vattenfall AB from 2009 to 2014, first as an Executive Vice President and then

as the company's Chief Executive Officer from 2010. In the period 2003 - 2009,

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

Director, then as Managing Director and Chief Executive Officer. In addition, he

has extensive management experience from Statkraft and Statoil within strategy

and business development. Løseth is a Norwegian citizen, and 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.

Roy Franklin was a member of the board of directors of StatoilHydro from October

2007, and Statoil's board of directors from November 2009 until June 2013. He

has previously been the chair of both the board's safety, sustainability and

ethics committee and the board's audit committee. Franklin has broad leadership

experience from the oil and gas industry, including from BP, Paladin Resources

and Clyde Petroleum. He has a bachelor of Science in Geology from the University

of Southampton, UK. Franklin is a British citizen resident in the UK where he in

2004 was awarded an OBE (Order of the British Empire) for services to the UK oil

and gas industry.

The election enters into effect from 1 July 2015 and until the ordinary election

of shareholder-elected members to the board of directors in 2016. All candidates

were elected in accordance with the proposal from the nomination committee.

Furthermore, the corporate assembly re-elected Lill-Heidi Bakkerud, Ingrid Di

Valerio and Stig Lægreid as employee-elected members of Statoil's board of

directors. Per Steinar Stamnes, Per Gunnar Stavland og Kjetil Hansen Melvær

(with this priority) were elected as deputy members for the employee-elected

board members.

The employee-elected members to the board of directors enters into effect from

1 July 2015 and the members have been elected for a period of two years.

Contacts:

* Olaug Svarva, chair of the nomination committee

* All enquiries to be directed 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)

[HUG#1927499]