A short free-text description of the prize or award, intended primarily for display. Optional, and repeatable if the text is provided in more than one language. The language attribute is optional for a single instance of <PrizeStatement>, but must be included in each instance if <PrizeStatement> is repeated.

<PrizeStatement> is intended for display purposes only. When used, a <PrizeStatement> must be complete in itself, ie it should not be treated as merely supplementary to other elements within the <Prize> composite. Nor should <PrizeStatement> be supplied instead of those other elements – at minimum, the <PrizeCode> element, and whenever appropriate the <PrizeYear> element should be supplied.