Equinor

Transaction in Own Shares • May 23, 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 second tranche of the share buy-back programme for 2022 was

announced: 4 May 2022.

The duration of the second tranche of the buy-back programme for 2022: 16 May to

no later than 26 July 2022.

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

consideration for the second tranche: USD 440,000,000.

From 16 May until 20 May, Equinor ASA has purchased a total of 1,307,928 own

shares at the Oslo Stock Exchange at an average price of NOK 336.1768 per share.

Aggregated overview of transactions per day:

Date Aggregated volume Weighted

(number of average share Total transaction value

shares) price (NOK) (NOK

16 May 333,000 330.7705 110,146,576.50

17 May

18 May 321,928 341.4968 109,937,381.83

19 May 324,000 335.8604 108,818,769.60

20 May 329,000 336.7546 110,792,263.40

Previously disclosed

buy-backs under the

second tranche of

the 2022 programme

(accumulated)

Previously disclosed

buy-backs under the

2021 programme and

first tranche of the

2022 programme

(accumulated) 27,131,791 247.4239 6,713,054,517.08

Total buy-backs

under the 2021 and

2022 programme 28,439,719 251.5056 7,152,749,508.41

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

38,306,217 own shares, corresponding to 1.18% 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

Peter Hutton, senior vice president Investor Relations,

+44 7881 918 792 (mobile)

Media

Sissel Rinde, vice president Media Relations,

+ 47 412 60 584 (mobile)