Statoil's share saving plan allocates shares

STAVANGER, Norway, Oct. 19, 2016 (GLOBE NEWSWIRE) -- The shares purchased by DNB on behalf of Statoil ASA (OSE: STL, NYSE: STO) on 14 October 2016 for use in the group's Share Saving Plan have on 19 October 2016 been distributed to the employees in accordance with their savings amount.

Following this, the share saving plan has 10,584,803 shares.

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

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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