Equinor

Transaction in Own Shares • Nov 21, 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 14 November until 18 November, Equinor ASA has purchased a total of

1,331,595 own shares at the Oslo Stock Exchange at an average price of NOK

352.7705 per share.

Aggregated overview of transactions per day:

Date Aggregated volume Weighted

(number of average share Total transaction value

shares) price (NOK) (NOK)

14 November 321,595 353.3073 113,621,861.14

15 November

16 November 332,000 359.5284 119,363,428.80

17 November 332,000 350.3100 116,302,920.00

18 November 346,000 348.1482 120,459,277.20

Previously disclosed

buy-backs under the

fourth tranche of

the 2022 programme

(accumulated) 3,232,044 380.7907 1,230,732,388.30

Accumulated under

the buy-back

programme fourth

tranche (started 31

October) 4,563,639 372.6149 1,700,479,875.44

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 33,662,368 359.3209 12,095,592,186.16

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

44,420,381 own shares, corresponding to 1.40% 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