Equinor

Transaction in Own Shares • Dec 27, 2022

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 19 December until 23 December, Equinor ASA has purchased a total of

1,566,523 own shares at the Oslo Stock Exchange at an average price of NOK

363.9555 per share.

Aggregated overview of transactions per day:

Date Aggregated volume Weighted

(number of average share Total transaction value

shares) price (NOK) (NOK)

19 December 324,000 361.7093 117,193,813.20

20 December 326,000 361.5511 117,865,658.60

21 December 325,000 364.1773 118,357,622.50

22 December 322,000 368.8719 118,776,751.80

23 December 269,523 363.4228 97,950,803.32

Previously disclosed

buy-backs under the

fourth tranche of

the 2022 programme

(accumulated) 10,718,616 367.7547 3,941,821,327.89

Accumulated under

the buy-back

programme fourth

tranche (started 31

October) 12,285,139 367.2702 4,511,965,977.31

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 41,383,868 360.2147 14,907,078,288.04

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

52,292,585 own shares, corresponding to 1.65% 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

Mads Holm, senior vice president Treasury & Tax and Investor Relations,

+47 909 55 417

Media

Sissel Rinde, vice president Media Relations,

+ 47 412 60 584