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Odfjell withdraws candidacy for chair of Statoil board 

May 31, 2006, 11:00 CEST

Johan Fredrik Odfjell has informed the election committee in Statoil (OSE: STL, NYSE: STO) that he is no longer a candidate for the chair of Statoil’s board of directors. The election committee is now working on a new proposal to present to the corporate assembly.