Statoil ASA: Statoil's share saving plan allocates shares

STAVANGER, Norway, July 19, 2016 (GLOBE NEWSWIRE) -- The shares purchased by DNB on behalf of Statoil ASA (OSE: STL, NYSE: STO) on 15 July 2016 for use in the group's share saving plan have on 19 July 2016 been distributed to the employees in accordance with their savings amount.

Following this, the share saving plan has 9,688,658 shares.

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

HUG#2029114

CONTACT: Peter Hutton, SVP Investor Relations,
         mbl: +44 7881 918 792

         Morten Sven Johannessen, VP Investor Relations USA,
         mbl +1 203 570 2524

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