Equinor

Transaction in Own Shares • Jan 2, 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 27 December until 30 December, Equinor ASA has purchased a total of

1,235,304 own shares at the Oslo Stock Exchange at an average price of NOK

361.6946 per share.

Aggregated overview of transactions per day:

Date Aggregated volume Weighted

(number of average share Total transaction value

shares) price (NOK) (NOK)

26 December - - -

27 December 320,000 367.5716 117,622,912.00

28 December 322,000 364.8272 117,474,358.40

29 December 263,304 359.3553 94,619,687.91

30 December 330,000 354.8056 117,085,848.00

Previously disclosed

buy-backs under the

fourth tranche of

the 2022 programme

(accumulated) 12,285,139 367.2702 4,511,965,977.31

Accumulated under

the buy-back

programme fourth

tranche (started 31

October) 13,520,443 366.7608 4,958,768,783.63

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 42,619,172 360.2576 15,353,881,094.35

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

53,527,889 own shares, corresponding to 1.69% 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