Statoil Announce Commencement of subscription period

Subscription period: The subscription period for the Dividend Issue will commence at 09:00 a.m. CET on 26 February 2018 and expire at 11:59 p.m. CET on 9 March 2018 (the “Subscription Period”). Existing Shareholders (as defined below) who have not subscribed for Dividend Shares at the time of expiry of the Subscription Period will receive their dividend in cash without any action on their part. Subscription price: The subscription price will be equal the volume-weighted average share price over the last two trading days on Oslo Børs of the Subscription Period for the Dividend Issue, with a deduction for a discount of 5%. The subscription price is expected to be announced on or around 12 March 2018. Subscription procedures: Subscriptions for Dividend Shares can be made electronically via VPS’ online subscription system. A link to the subscription system can be found on www.statoil.com/scrip. Existing Shareholders who are considered eligible to subscribe for Dividend Shares have received or will receive a letter from the Company with personal log in details to the VPS subscription system. ADR holders under the ADR program in the US may make their election through Deutsche Bank as the depositary for the ADR program. Eligibility to participate in the Dividend Issue: Only shareholders of Statoil and holders of ADRs on the New York Stock Exchange as of expiry of 7 February 2018 for, both referred to as “Existing Shareholders”, as registered as of expiry of 9 February 2018 (“the record date”) with the Company’s shareholder register in the Norwegian Central Securities Depositary (Nw. Verdipapirsentralen) for shareholders on Oslo Børs and with Deutsche Bank Trust Company Americas as the depositary for the ADR program, will be eligible to either subscribe for Dividend Shares in the Subscription Period or to receive their dividend in cash. The subscription for Dividend Shares by persons located in, or resident of countries other than Norway, may be affected by the laws of the relevant jurisdiction. The Dividend Shares may not be subscribed for by Existing Shareholders located in, or resident of, jurisdictions in which the subscription for Dividend Shares would be unlawful. Existing Shareholders located in, or resident of countries other than Norway, should inform themselves as to whether restrictions apply to the Dividend Issues and consult their professional advisors if they are in any doubt about any of the contents or application of these restrictions. Settlement: The issue of the Dividend Shares is expected to take place on or around 22 March 2018. The delivery of the Dividend Shares to shareholders on Oslo Børs is expected to take place on or around 23 March and on or around 26 March 2018 for holders of ADRs on New York Stock Exchange. Trading in the Dividend Shares on Oslo Børs and in the ADRs representing Dividend Shares on New York Stock Exchange is expected to commence on or around 26 March 2018. Cash payment of the dividend to holders of ordinary shares on Oslo Børs is expected on or around 23 March and on or around 26 March 2018 for ADR holders on New York Stock Exchange. Interests held through financial intermediaries: Shareholders, who are eligible for participation in the Dividend Issue and who hold their Shares through a financial intermediary and wish to subscribe for Dividend Shares in the Dividend Issue, should instruct their financial intermediary to subscribe for Dividend Shares in accordance with the applicable instructions received from such financial intermediary. The financial intermediary will be responsible for collecting exercise instructions from the shareholders and for informing the Company of their subscription instructions. DNB Bank ASA, Registrars Department (tel.: +47 23 26 80 20) is acting as Receiving Agent for the Dividend Issue. Source / More: Statoil ASA oilandgasOil and Gas News Undiluted !!! “The squeaky wheel gets the oil” Please email us your news for publication info@OilAndGasPress.com Follow us: @OilAndGasPress on Twitter | OilAndGasPress on Facebook ]]>

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