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Statoil ASA: Notifiable trading

STAVANGER, Norway, May 10, 2016 (GLOBE NEWSWIRE) -- The following primary insiders have on 9 May 2016 acquired shares in Statoil ASA (OSE:STL, NYSE:STO) at a share price of NOK 136.38 in connection with the company's long-term incentive programme.

The long-term incentive programme is a fixed, monetary compensation calculated as a portion of the participant's base salary; ranging from 20 - 30 per cent depending on the individual's position. On behalf of the participant, the company acquires shares equivalent to the net annual amount. The grant is subject to a three year lock-in period.

Number of acquired shares and their new total shareholding is listed in the table below. The trade has been made through DNB Markets.

Name New total
Statoil
share
holding
LTI
allocation
2016
Bacher Lars Christian 23 896 1470
Dodson Timothy* 31 458 1544
Gjærum Reidar 26 772 890
Hegge, Hans Jakob 26 063 1743
Hovden Magne Andre 14 021 848
Klouman Hans Henrik 28 090 1577
Knight John Nicholas 100 501 12936
Mathieu Philippe François 10 771 674
Nylund, Arne Sigve 10 863 1602
Opedal Anders 16 085 1329
Reitan, Torgrim 31 053 1618
Rummelhoff, Irene 19 719 1724
Skeie Svein 23 308 743
Sætre Eldar 44 852 4149
Økland, Jens 13 383 1997
Øvrum Margareth 46 249 1601

* In addition, the following primary insider in Statoil ASA has sold shares in Statoil ASA:

Tim Dodson, Executive Vice President in Statoil ASA has on 9 May 2016 sold 4,000 shares in Statoil ASA at a price of NOK 133.6 per share and will after the sale hold 27,458 shares in Statoil ASA (including the shares allocated through the LTI scheme).

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)

HUG#2011018

CONTACT: Peter Hutton, SVP Investor Relations, mbl: +44 7881 918 792 Morten Sven Johannessen, VP Investor Relations USA, mbl +1 203 570 2524Source:Statoil