Equinor

Transaction in Own Shares • Jan 18, 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 fourth tranche of the share buy-back programme for 2022 was

announced: 28 October 2022.

The duration of the fourth tranche of the buy-back programme for 2022: 31

October to no later than 27 January 2023.

Size of the buy-back programme: Up to 75,000,000 shares, with a maximum total

consideration for the fourth tranche: USD 604,890,000.

From 16 January until 17 January, Equinor ASA has purchased a total of 142,755

own shares at the Oslo Stock Exchange at an average price of NOK 305.6411 per

share.

The fourth tranche of the share buy-back programme has now been completed.

Aggregated overview of transactions per day:

Date Aggregated volume Weighted

(number of average share Total transaction value

shares) price (NOK) (NOK)

16 January 141,860 305.6521 43,359,806.91

17 January 895 303.9037 271,993.81

Previously disclosed

buy-backs under the

fourth tranche of

the 2022 programme

(accumulated) 16,812,646 357.8557 6,016,500,993.83

Accumulated under

the buy-back

programme fourth

tranche (started 31

October) 16,955,401 357.4161 6,060,132,794.55

Accumulated under

the buy-back

programme first

tranche 2022

(started 9 February) 10,167,981 288.3377 2,931,811,820.22

Accumulated under

the buy-back

programme second

tranche 2022

(started 16 May) 12,515,487 344.1722 4,307,483,267.18

Accumulated under

the buy-back

programme third

tranche 2022

(started 28 July) 16,583,242 367.0952 6,087,629,043.54

Total buy-backs

under the 2022

programme 46,054,130 357,3023 16,455,245,105.27

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

57,338,894 own shares, corresponding to 1.81% 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