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 2524Source:Statoil