Born: 1956

Position: Executive vice president in Statoil ASA since October 2003

External offices: Member of the board of Strømberg Gruppen AS and Trucknor AS

Number of shares in Statoil ASA: 17,129 (per 31.12.2011)

Loans from Statoil: None

Experience: Joined Statoil in 1980 and has since held several management positions in the group, mainly in the fields of accounting and finance, including the position of CFO from October 2003 until 31 December 2010.

Education: MA in business economics from the Norwegian School of Economics and Business Administration (NHH) in Bergen.

Family relations: No family relations to other members of the CEC, members of the board or the corporate assembly.

Other matters: Eldar Sætre is a Norwegian citizen and resident.