Equinor

Notice of Dividend Amount • May 11, 2022

Equinor ASA: The annual general meeting approved an ordinary dividend of USD 0.20 per share and an extraordinary dividend of USD 0.20 per share for fourth quarter 2021

Equinor ASA: The annual general meeting approved an ordinary dividend of USD 0.20 per share and an extraordinary dividend of USD 0.20 per share for fourth quarter 2021

On 11 May 2022, the annual general meeting in Equinor ASA (OSE: EQNR, NYSE:

EQNR) approved the annual report and accounts for Equinor ASA and the Equinor

group for 2021, as proposed by the board of directors.

The fourth quarter 2021 dividend accrues to the shareholders as registered in

Equinor's shareholder register with the Norwegian Central Securities Depository

(VPS) as of expiry of 13 May 2022 (the "Record Date"). Subject to ordinary

settlement in VPS, this implies that the right to dividend accrues to

shareholders as of 11 May 2022. For US ADR (American Depository Receipts)

holders, dividend accrues also as of 11 May 2022. The shares will be traded ex-

dividend on the Oslo Stock Exchange (Oslo Børs) from and including 12 May 2022.

The ADRs on New York Stock Exchange will also trade ex-dividend from and

including 12 May 2022. Shareholders whose shares trade on Oslo Børs will receive

their dividend in Norwegian kroner ("NOK"). The NOK dividend will be

communicated on 20 May 2022. The payment date for the dividend in NOK and in USD

under the ADR program is on 27 May 2022.

The general meeting authorised the board of directors to resolve dividend

payments based on the company's approved annual accounts for 2021. The

authorisation is valid until the next annual general meeting, but no later than

30 June 2023.

As part of the implementation of the company's share buy-back program, the

general meeting agreed to the reduction in capital through the cancellation of

own shares and the redemption of shares belonging to the Norwegian government.

The proposal to amend the Article 1 of the Articles of Association, the

company's objects-clause, was adopted.

The general meeting endorsed the company's energy transition plan.

Nine shareholders' proposals were up for voting. The shareholders' supporting

statements and the board's response are available at www.equinor.com/agm. None

of the shareholders' proposals were approved. Reference is made to the enclosed

minutes of meeting.

The general meeting endorsed the board's report on Corporate Governance.

The general meeting endorsed the board of directors' remuneration report for

leading personnel.

Remuneration to the company's external auditor for 2021 was approved.

The nomination committee's proposal of members to Equinor ASA's corporate

assembly, was approved with effect as of 12 May 2022 and until the annual

general meeting in 2024. Please see attached minutes for details.

In accordance with the proposal from the nomination committee, the general

meeting adopted the remuneration to the corporate assembly, effective as of 12

May 2022.

The nomination committee's proposal of members to Equinor ASA's nomination

committee effective as of 12 May 2022 and until the annual general meeting in

2024, was approved. Please see attached minutes for details.

In accordance with the proposal from the nomination committee, the general

meeting adopted the remuneration to the nomination committee, effective as of

12 May 2022.

The general meeting authorised the board on behalf of the company to acquire

Equinor ASA shares in the market in order to continue the company's share-based

incentive plans for employees. The authorisation is valid until 30 June 2023.

The previous authorisation, granted 11 May 2021, shall continue to apply until

this authorisation has been registered in the Register of Business Enterprises.

The general meeting authorised the board on behalf of the company to acquire

Equinor ASA shares in the market. Own shares acquired pursuant to this

authorisation may only be used for annulment through a reduction of the

company's share capital in a later general meeting. The authorisation is valid

until the next annual general meeting, but no later than 30 June 2023.

The general meeting approved that there can be made adjustments to the Marketing

Instruction for Equinor ASA.

Please find enclosed minutes of the annual general meeting.

Contact persons:

Investor relations

Peter Hutton, senior vice president for investor relations,

tel: +44 7881 918 792

Press

Sissel Rinde, vice president, media relations,

tlf: +47 412 60 584

This information is subject to the disclosure requirements pursuant to Section

5-12 of the Norwegian Securities Trading Act