Equinor — Proxy Solicitation & Information Statement 2010

Apr 21, 2010

Statoil

NOMINATION TO THE CORPORATE ASSEMBLY AND NOMINATION COMMITTEE

The nomination committee of Statoil nominates five new candidates to the corporate assembly and one new candidate to the nomination committee. Other members of the corporate assembly and the nomination committee have been nominated for re-election. The election will be held at the company's annual general meeting on 19 May 2010.

1 ELECTION OF MEMBERS TO THE CORPORATE ASSEMBLY

The period of service for all members of the corporate assembly will expire this year. Benedicte Berg Schilbred, Inger Østensjø, Kåre Rommetveit and Oddbjørg Ausdal Starrfelt (deputy member) will resign from the corporate assembly. Gro Brækken resigned in August 2009.

The nomination committee has emphasised several criteria for the composition of the corporate assembly, including diversity in expertise and background and balanced gender representation. Based on this, the nomination committee has unanimously nominated the following candidates:

1. Live Haukvik Aker, Siri Kalvig, Thor Oscar Bolstad and Barbro Lill Hætta-Jacobsen to be elected as new members of the corporate assembly of Statoil ASA. Reference is also made to the presentation of the candidates in section 3 below.
2. Olaug Svarva, Idar Kreutzer, Karin Aslaksen, Greger Mannsverk, Steinar Olsen, Ingvald Strømmen, Rune Bjerke and Tore Ulstein to be re-elected as members of the corporate assembly. For the corporate assembly's election of chair and deputy chair of the corporate assembly Olaug Svarva is nominated to be elected as chair (re-election) and Idar Kreutzer is nominated to be elected as deputy chair (re-election).
3. Linda Litlekalsøy Aase to be elected as new deputy member of the corporate assembly (3rd deputy). Reference is also made to the presentation of Aase in Section 3 below.
4. Arthur Sletteberg (former 3rd deputy, new 1st deputy), Anne-Margrethe Firing (continues as 2nd deputy) and Shahzad Rana (continues as 4th deputy) to be elected as deputies of the corporate assembly.
5. The terms of office for both the newly elected and the re-elected members will run until the annual general meeting in 2012.

For further information about the candidates that are nominated for re-election, reference is made to the calls for the general meetings of shareholders on 5 July 2007, 20 May 2008 and 19 May 2009.

2 ELECTION OF MEMBERS TO THE NOMINATION COMMITTEE

Pursuant to section 11 of the company's articles of association, the nomination committee must consist of four members and the chair and one other member must be elected among the shareholder-elected members of the corporate assembly. Due to Gro Brækken's withdrawal from the corporate assembly in august 2010, she has also withdrawn from the nomination committee.

The nomination committee has emphasised several criteria for the composition of the nomination committee, including diversity in expertise and background and balanced gender representation. Based on this, the nomination committee unanimously nominates the following candidates:

1. Live Haukvik Aker to be elected as new member of the nomination committee of Statoil ASA.
2. Olaug Svarva (chair), Bjørn Ståle Haavik and Tom Rathke to be re-elected as members of the nomination committee of Statoil ASA.
3. The terms of office for both the newly elected member and the re-elected members will run until the annual general meeting in 2012.

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3 INFORMATION ABOUT THE PROPOSED NEW MEMBERS

Live Hauvik Aker (born 1963) is a partner in Considium Consulting Group AS. She has previously served as CFO of Grenland Group ASA and Tandberg Data ASA, and CEO of Good Tech ASA. She has also been CFO of A. Holthe AS, and an auditor at KPMG. Aker has a master's degree in economics from Universite de Fribourg (1988) and a master's degree in management from BI Norwegian School of Management (2001). She is a board member of Eksportfinans ASA and Borgestad ASA. She has previously been a member of the boards of, among others, Revus Energy ASA, DynaPel ASA and Grenland Group ASA.

Siri Kalvig (born 1970) is founder and former CEO of the weather service company Storm Weather Center (now StormGeo AS), which was established in 1997. Today she is a PhD student in offshore wind technology at the University of Stavanger and affiliated with StormGeo AS through project-based work within climate communication and selected strategic projects as well as partner and member of the board. She has previously worked as weather presenter and project manager for TV2's weather report. Kalvig has studied physics, mathematics and astronomy at the University of Oslo, and has a master's degree in geophysics in the field of meteorology from the University of Bergen (1995). She is a board member of, among others, Storm Weather Center/StormGeo, SK Housing AS and Hitec Industries AS. She has previously been a board member of, among others, HitecVision, Sandnes Sparebank, and the University of Stavanger. She has also served as a member of the executive board of the Norwegian Research Council and been a board member of the Department of Applied Mathematics at SINTEF. Kalvig has published several books on weather and climate and is often used as a commentator in the media for weather and climate related issues. The last two years she has also been working for the governmental climate campaign "Klimaløftet" and has developed and held a nationwide climate lecturing tour (Himmel og Hav) and a climate course for teachers (Klimaklok).

Thor Oscar Bolstad (born 1954) is executive director of Herøya Industripark in Porsgrunn, one of the country's largest industrial parks. He has previously been executive director of Hydro Production Partner Grenland and has worked as corporate adviser at Opteam AS within the areas of leadership, quality assurance, project management and HSE. He has also served as CEO of Grenland Offshore AS, director of administration of Norwegian Contractors AS, section leader of Veidekke AS, and also as project manager at Oil Industry Services AS. Bolstad was educated at Agder Engineering and Regional College (1978) and has also studied business administration and project management at the same institution. He is chairman/director of several companies and organisations, including Bamble and Langesund Sparebank, Grenland Industriutvikling AS, Industry Cluster Grenland and the Industry Committee NHO Telemark.

Barbro Lill Hætta-Jacobsen (born 1972) is cand.med. from the University of Tromsø (2000) and currently works as an assistant doctor at the University Hospital of North Norway, Harstad. She has previously worked as a doctor at the Medical Sama in Harstad. She has also worked as a political adviser for the Ministry of Local Government. She is a board member of the Oslo University Hospital and the North Norwegian Festival of Culture, as well as a municipal council representative and member of the executive committee for Harstad municipality. She has previously held numerous directorships, including Det Norske Oljeselskap ASA, the Norwegian Petroleum Society division Harstad, Rikshospitalet HF, Tromsø 2018 AS, The Norwegian State Housing Bank and Harstad Labour Party. She has also been a deputy mayor in Harstad and leader of the Sami Language Council.

Linda Litlekalsøy Aase (born 1966) is vice president of Rolls-Royce Marine AS' foundry in Bergen. She has previously served as, among other things, quality and HSE director in the same company and also had responsibility for real estate operation and management. Prior to this, she was assisting operational manager at Prosafe Drilling Services AS (now KCA Drilling), where she was also part of the top management. She has furthermore held positions as quality manager of Prosafe Drilling Services and Grøner Inspection & Materials Technology AS. Aase is a Master of Science from NTH (1989). She has also taken several courses in economics and management at NHH and BI Norwegian School of Management.