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Statoil ASA: Statoil's share saving plan allocates shares

STAVANGER, Norway, May 20, 2016 (GLOBE NEWSWIRE) -- The shares purchased by DNB on behalf of Statoil ASA (OSE: STL, NYSE:STO) on 13 May 2016 for use in the group's Share Saving Plan have on 19 May 2016 been distributed to the employees in accordance with their savings amount.

Following this, the share saving plan has 9,156,260 shares.

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

HUG#2014206

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