Execution of debt capital market transactions

On Wednesday 2 November 2016 Statoil ASA (OSE:STL, NYSE:STO), guaranteed by Statoil Petroleum AS, executed the following debt capital market transactions:

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES

• Issue of EUR 600,000,000 0.75% Notes due 9 November 2026
• Issue of EUR 600,000,000 1.625% Notes due 9 November 2036

The Notes have been fully subscribed. The settlement date is 9 November 2016.

The net proceeds from the issue of the Notes will be used for general corporate purposes.

The two issues have been executed under Statoil ASA’s EUR 20,000,000,000 Euro Medium Term Note (EMTN) Programme which is listed on the London Stock Exchange.