Equinor — Board/Management Information 2016

Oct 3, 2016

Statoil ASA: Jakob Stausholm leaves the board of directors of Statoil

Statoil ASA: Jakob Stausholm leaves the board of directors of Statoil

Jakob Stausholm has informed that he will resign from his position as member of

the board of directors in Statoil ASA (OSE: STL, NYSE: STO) with immediate

effect in order to avoid potential conflicts of interests following his new

appointment as CFO of the Maersk group. Stausholm takes up his new position as

from 1 December 2016.

The nomination committee in Statoil will commence its search for a new board

member, to allow for the corporate assembly to conduct a by-election when the

nomination committee's recommendation is ready. Tone Lunde Bakker is chair of

the nomination committee in Statoil.

Contacts:

Tone Lunde Bakker, chair of the nomination committee

All enquiries to be directed through Statoil Corporate Press Office, Bård Glad

Pedersen, +47 918 01 791.

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

(Norwegian Securities Trading Act)