Statoil: Correction of error in reporting of share ownership by primary insider

Statoil: Correction of error in reporting of share ownership by primary
insider

STAVANGER, Norway, March 26, 2014 (GLOBE NEWSWIRE) -- The total ownership of
shares in Statoil ASA (OSE: STL, NYSE: STO) for primary insider John Knight
has previously been reported 6,600 shares too low.

A close associate to John Knight (i.e. the pension fund of John Knight and his
wife Charlotte Knight) owns, and has owned since before John Knight became a
primary insider, 6,600 shares in Statoil ASA. The total Statoil ASA share
ownership for John Knight, including ownership by close associates, is as of
today 59,736 shares.

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

HUG#1771710

CONTACT: Hilde Merete Nafstad, SVP  Investor Relations, mbl +47 95783911
         Morten Sven Johannessen, VP Investor Relations USA, mbl +1 203 570 2524
 
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