Statoil Fuel & Retail appoints SVP Real Estate Asset Management

28 February 2011 - Statoil Fuel & Retail ASA ("Statoil Fuel & Retail", Ticker: SFR) appoints Sonja Horn, as Senior Vice President Real Estate Asset Management.  Horn joins Statoil Fuel & Retail on 7 March 2011 from her position as partner in Union Norsk Næringsmegling AS, a Norwegian real estate brokerage. Horn will report to Klaus-Anders Nysteen, CFO Statoil Fuel & Retail ASA. "Statoil Fuel & Retail has a long history of developing a network of excellent locations representing a strategic value for the company. We will now use the opportunity to optimise our real estate assets from a financial perspective," says Klaus-Anders Nysteen. "Sonja's long background from financing commercial real estate from Fokus Bank as well as her experience from Union Gruppen is perfect for us." In this new position, Horn will responsible for the commercial development of Statoil Fuel & Retail's property assets. To define and implement the optimal real estate asset management strategy including its financial implications is a key focal point. Prior to her position as Partner & Co-owner of Union, Horn worked in Fokus Bank as Director of Fokus Kreditt AS from 2000-2004 and Head of Large Accounts from 2004-2008. She has also experience as Finance Consultant and Senior Account Manager in DNB NOR from 1996-2000. She holds a B.Sc. Economics from BI Norwegian School of Management. For more information please contact: Karen Romer, SVP Communications, +47 950 74 950, About Statoil Fuel & Retail Statoil Fuel & Retail is a leading Scandinavian road transport fuel retailer with over 100 years of operations in the region. We have a broad retail network across Scandinavia, Poland, the Baltics, and Russia with approximately 2,300 full-service (fuel and convenience) or automated (fuel only) stations. Statoil Fuel & Retail's other products include stationary energy, marine fuel, aviation fuel, lubricants and chemicals. In Europe, we operate 12 key terminals, approximately 400 road tankers and 50 depots in eight countries. We also deliver aviation fuel at 85 airports in nine countries and produce and sell 750 different lubricant products. Including employees at Statoil branded franchise stations, more than 17,000 people work at our sites across Europe, while approximately 2,000 people work in our corporate headquarters, our eight national headquarters, our terminals and depots. This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Statoil Fuel & Retail ASA via Thomson Reuters ONE [HUG#1492899]