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Lars Thunell leaving Statoil board 

December 23, 2005, 09:20 CET

Lars Thunell is to withdraw from Statoil’s (OSE: STL; NYSE: STO) board of directors with effect from 1 January.

He is taking up a new position with the World Bank which means that he will be unable to maintain his directorship.

Mr Thunell was elected to the board by Statoil’s corporate assembly on 22 June this year.

Contact:

Ola Morten Aanestad, vice president for media relations, tel +47 48 08 02 12 (mobile), +47 51 99 13 77 (office).