STAVANGER, Norway, Dec. 05, 2016 (GLOBE NEWSWIRE) -- Reference is made to the announcement made on 21 November 2016 by
Statoil ASA (OSE:STL, NYSE:STO) regarding the dividend issue for the second quarter 2016 ("the Dividend Issue").
The subscription price shall, in accordance with the resolution made by the board of directors on 26 October 2016, be equal to
the volume-weighted average share price over the last two trading days (1 and 2 December 2016) on Oslo Børs ("Oslo Stock Exchange")
of the subscription period for the Dividend Issue, with a deduction of a discount of 5%.
The volume-weighted average share price for the respective trading days was NOK 149.84. The subscription price per share
is consequently NOK 142.35.
The subscription price for the ADR holders will be equal to the Subscription Price converted into USD using the Central Bank of
Norway's average closing exchange rate of the last two trading days of the Subscription Period, i.e. 1 and 2 December 2016. The
average exchange rate for these respective days was 8.4390. The subscription price per share for ADR-holders is consequently USD
16.87.
This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading
Act.
This announcement and the information contained herein does not constitute or form a part of, and should not be construed as, an
offer for sale or subscription for or solicitation or invitation of any offer to subscribe for or purchase of dividend shares or
any other securities of the Company and cannot be relied on for any investment contract or decision. It may be unlawful to
distribute this announcement in certain jurisdictions. This announcement is not for distribution in any jurisdiction in which prior
registration or approval is required for that purpose. No steps have been taken or will be taken in any jurisdiction outside of
Norway in which such steps would be required. No competent authority or any other regulatory body has passed upon the adequacy of
this document or approved or disapproved the distribution of dividend shares outside of Norway. Any representation to the contrary
may be a criminal offense.
CONTACT: Peter Hutton, SVP Investor Relations, mbl: +44 7881 918 792 Morten Sven Johannessen, VP Investor Relations USA, mbl +1 203 570 2524
