Equinor

Transaction in Own Shares • Nov 17, 2022

Equinor ASA: Buy-back of shares to share programmes for employees

Equinor ASA: Buy-back of shares to share programmes for employees

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

programme for Equinor ASA (OSE:EQNR, NYSE:EQNR) for shares to be used in the

share-based incentive programmes for employees and management.

Date on which the buy-back programme was announced: 9 February 2022.

The duration of the buy-back programme: 15 February 2022 to 13 January 2023.

Size of the buy-back programme: The total purchase amount under the programme is

NOK 1,413,000,000 and the maximum shares to be acquired is 20,800,000 shares, of

which up to 10,400,000 shares can be acquired in the period from 15 February

2022 to 13 May 2022, and up to 10,400,000 shares can be acquired in the period

from 15 June 2022 to 13 January 2023.

On 15 November 2022, Equinor ASA has purchased a total of 329,765 own shares at

the Oslo Stock Exchange at an average price of NOK 354.7972 per share.

Aggregated overview of transactions per day:

Date Weighted average

Aggregated volume share price Total transaction

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

15 November 329,765 354.7972 116,999,709

Previously disclosed

buy-backs under the

programme

(accumulated) 3,230,724 328.7184 1,061,998,557

Total buy-backs under

the programme 3,560,489 331.1338 1,178,998,266

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

43,742,381 own shares, corresponding to 1.38% of Equinor ASA's share capital,

including shares previously purchased for the share saving programme, and shares

purchased under Equinor's disclosed buy-back programme which will be used to

reduce the issued share capital of the company.

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