Election to Statoil's board of directors  

Wenche Agerup was the Executive Vice President for Corporate Staffs and the General Counsel of Norsk Hydro ASA from 2010 to 31 December 2014. She has held various executive roles in Hydro since 1997, including within the company’s M&A-activities, the business area Alumina, Bauxite and Energy, as a plant manager at Hydro’s metal plant in Årdal and as a project director for a Joint Venture in Australia where Hydro cooperated with the Australian listed company UMC. Through her work in Hydro, Agerup has developed a significant business and strategic competence. Agerup is currently a board member in Oslo Børs Holding VPS ASA/Oslo Børs ASA (the Oslo Stock Exchange) and the seismic company TGS, and has competence and experience within corporate governance.

The election enters into effect from 21 August 2015 and until the ordinary election of shareholder-elected members to the board of directors in 2016. Agerup was elected in accordance with the proposal from the nomination committee.

Contacts:

• Olaug Svarva, chair of the nomination committee
• All enquiries to be directed through Statoil Corporate Press Office, Jannik Lindbæk, +47 977 55 622.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.