Equinor

Transaction in Own Shares • May 23, 2023

Equinor ASA: Share buy-back

Equinor ASA: Share buy-back

Please see below information about transactions made under the share buy-back

programme for Equinor ASA (OSE:EQNR, NYSE:EQNR).

Date on which the second tranche of the share buy-back programme for 2023 was

announced: 4 May 2023.

The duration of the second tranche of the buy-back programme for 2023: 11 May to

no later than 25 July 2023.

Size of the buy-back programme: Up to 94,000,000 shares, with a maximum total

consideration for the second tranche: USD 550,000,000.

From 16 May to 19 May, Equinor ASA has purchased a total of 795,000 own shares

at the Oslo Stock Exchange at an average price of NOK 300.9640 per share.

Aggregated overview of transactions per day:

Date Weighted

Aggregated volume average share Total transaction

(number of shares) price (NOK) value (NOK)

15 May

16 May 465,000 300.0433 139,520,134.50

17 May

18 May

19 May 330,000 302.2614 99,746,262.00

Previously disclosed

buy-backs under the

second tranche of the

2023 programme 670,000 298.7126 200,137,418.00

Total buy-backs under

second tranche of the

2023 programme

(accumulated) 1,465,000 299.9343 439,403,814.50

Following the completion of the above transactions, Equinor ASA owns a total of

66,053,843 own shares, corresponding to 2.08% of Equinor ASA's share capital,

including shares under Equinor's share savings programme.

This is information that Equinor ASA is obliged to make public pursuant to the

EU Market Abuse Regulation and subject to the disclosure requirements pursuant

to Section 5-12 of the Norwegian Securities Trading Act.

Appendix:

A detailed overview of all transactions made under the buy-back programme that

have been carried out during the above-mentioned time period is attached to this

report and available at www.newsweb.no.

Further information from

Investor relations

Bård Glad Pedersen, senior vice president Investor Relations,

+47 918 01 791

Media

Sissel Rinde, vice president Media Relations,

+ 47 412 60 584