Board to meet on Monday 

September 22, 2003, 00:30 CEST

An extraordinary meeting of Statoil’s board of directors will be held at 17.00 on Monday 22 September. Several of the directors have said that they require more extensive information and discussion about the cancelled consultancy deal with Horton Investment Ltd.

Chief executive Olav Fjell feels that it is only natural that the board meets again before the meeting of Statoil’s corporate assembly on Wednesday 24 September. It is important for the board to take the time necessary to prepare for that meeting. All members of the board will take part in the corporate assembly meeting.

At its meeting in Oslo on Monday the board will receive comprehensive information from Stig Bergseth, senior vice president for health, safety and the environment (HSE), David Platts, head of group security and Svein Andersen, senior vice president for corporate audit.