Equinor

AGM Information • May 11, 2021

MINUTES OF THE ANNUAL GENERAL MEETING OF EQUINOR ASA 11 MAY 2021

The annual general meeting of Equinor ASA was held on 11 May 2021 as a digital meeting.

The chair of the board, the chair of the corporate assembly, the president and CEO, general counsel and the company's auditor attended. Company secretary Marte Johanson Hanasand recorded the minutes of the meeting.

The agenda was as follows:

• 1. Opening of the annual general meeting by the chair of the corporate assembly Tone Lunde Bakker, chair of the corporate assembly, opened the meeting.
• 1. Registration of represented shareholders and proxies Overview of shareholders represented at the annual general meeting, either by personal attendance, by proxy, or by advance voting, is attached in Appendix 1 to these minutes.
• 1. Election of the chair of the meeting

The general meeting agreed on the following resolution:

"Tone Lunde Bakker, chair of the corporate assembly, is elected chair of the meeting."

4 -Approval of the notice and the agenda The general meeting agreed on the following resolution:

"The notice and proposed agenda are approved."

1. Election of two persons to co-sign the minutes together with the chair of the meeting The general meeting adopted the following resolution:

"Bjørn Stale Haavik and Siv Helen Rygh Torstensen are elected to co-sign the minutes together with the chair of the meeting."

1. Approval of the annual report and accounts for Equinor ASA and the Equinor group for 2020, including the board of directors' proposal for distribution of fourth quarter 2020 dividend The chair of the meeting informed the general meeting that the annual report and accounts, the auditor's report and the recommendation from the corporate assembly have been made available on the company's webpage. Recitation was therefore not necessary.

In accordance with the proposal of the board, the general meeting adopted the following resolution:

"The annual accounts and the annual report for 2020 for Equinor ASA and the Equinor group, including group contribution of NOK 3,132 million are approved. A fourth quarter 2020 dividend of USD 0.12 per share is approved to be distributed."

7.

In accordance with the proposal from the board, the general meeting adopted the following resolution:

"The general meeting of Equinor ASA hereby authorises the board of directors to resolve the payments of dividend based on the company's approved annual accounts for 2020, cf. the Norwegian Public Limited Liability Companies Act section 8-2, second paragraph.

The board of directors shall, when using the authorisation, make its decision in accordance with the company's approved dividend policy. The board of directors shall before each decision to approve the payment of dividends consider if the company, after the payment of dividends, will have sufficient equity and liquidity.

The authorisation shall be valid until the next annual general meeting, but no later than 30 June 2022."

1. Proposal from shareholder to set short-, medium-, and long-term targets for greenhouse gas (GHG) emissions of the company's operations and the use of energy products (Including Scope 1, 2 and 3)

A shareholder had proposed that the company would set short-, and long-term targets for greenhouse gas (GHG) emissions of the company's operations and the use of energy products (including Scope 1, 2 and 3).

The shareholder's proposal was not adopted.

1. Proposal from shareholders to report key information on both climate risk and nature risk Two shareholders had proposed that the company would report key information on both climate risk and nature risk.

The shareholders' proposal was not adopted.

1. Proposal from shareholder to stop all exploration activity and test drilling for fossil energy resources

A shareholder had proposed that the company would stop all exploration activity and test drilling for fossil energy resources.

The shareholder's proposal was not adopted.

11. Proposal from shareholders to present a strategy for real business transformation to sustainable energy production

A shareholder had proposed that the company would present a strategy for real business transformation to sustainable energy production.

The shareholder's proposal was not adopted.

12. Proposal from shareholders to stop all oil and gas exploration in the Norwegian sector of the Barents Sea

Shareholders had proposed that the company would stop all oil and gas exploration in the Norwegian sector of the Barents Sea.

The shareholders' proposal was not adopted.

1. power to a separate company, "NewCo"

Shareholders had proposed that the company would spin-out Equinor's renewable energy business in wind and solar power to a separate company, "NewCo".

The shareholders' proposal was not adopted.

1. Proposal from shareholder to divest all non-petroleum-related business overseas and to consider withdrawing from all petroleum-related business overseas

A shareholder had proposed that the company would divest all non-petroleum-related business overseas and consider withdrawing from all petroleum-related business overseas.

The shareholder's proposal was not adopted.

1. Proposal from shareholder that all exploration for new oil and gas discoveries is discontinued, that Equinor multiplies its green investments, improves its EGS profile and reduces its risk for future lawsuits

A shareholder had proposed that the company would discontinue all exploration for new oil and gas discoveries, that Equinor would multiply its green investments, improve its EGS profile and reduce its risk for future lawsuits.

The shareholder's proposal was not adopted.

1. regards to safety incidents and get the audit's evaluation of improved quality assurance and internal control

A shareholder had proposed that the company would take actions to avoid big losses overseas, give specific answers with regards to safety incidents and get the audit's evaluation of improved quality assurance and intemal control.

The shareholder's proposal was not adopted.

17. Proposal from shareholder to include nuclear in Equinor's portfolio

A shareholder had proposed that nuclear would be included in Equinor's portfolio.

The shareholder's proposal was not adopted.

18. The board of directors' report on Corporate Governance

The board's report on Corporate Governance was presented. The report is included in the annual report.

In accordance with the proposal from the board, the general meeting adopted the following resolution:

"The general meeting endorses the board of directors' report on Corporate Governance."

19. leading personnel and remuneration report for salary and other remuneration for leading personnel

Jon Erik Reinhardsen, chair of the board of directors, presented the board's remuneration policy on determination of salary and other remuneration for leading personnel and remuneration report for salary and other remuneration for leading personnel.

19.1 Approval of the board of directors' remuneration policy on determination of salary and other remuneration for leading personnel

In accordance with the proposal from the board, the general meeting adopted the following resolution:

"The general meeting approves the board of directors' remuneration policy on determination of salary and other remuneration for leading personnel."

19.2 Advisory vote of the board of directors' remuneration report for leading personnel In accordance with the proposal from the board, the general meeting adopted the following resolution:

"The general meeting endorses the board of directors' remuneration report for leading personnel."

1. Approval of remuneration for the company's external auditor for 2020 The general meeting adopted the following resolution:

"Remuneration to the auditor for 2020 of NOK 51,235,147 for Equinor ASA is approved."

Determination of remuneration for the corporate assembly 21. -

In accordance with the proposal of the nomination committee, the general meeting adopted the following resolution:

"The remuneration to the corporate assembly is from 12 May 2021 as follows:

Chair	NOK 133,100/annually
Deputy chair		NOK 70,200/annually
Members		NOK 49,300/annually
Deputy members	NOK	7,100/meeting"

22. Determination of remuneration to the nomination committee

In accordance with the proposal of the nomination committee, the general meeting adopted the following resolution:

"The remuneration to the nomination committee is from 12 May 2021 as follows:

Chair	NOK 13,200/meeting
Members	NOK 9,800/meeting"

23. savings plan for employees

In accordance with the proposal of the board, the general meeting adopted the following resolution:

"The board of directors is authorised on behalf of the company to acquire Equinor shares in the market. The authorisation may be used to acquire own shares at a total nominal value of up to NOK 38,000,000. Shares acquired pursuant to this authorisation may only be used for sale and transfer to employees of the Equinor group as part of the group's share saving plan, as approved by the board of directors. The minimum and maximum amount that may be paid per share will be NOK 50 and 500 respectively.

The authorisation is valid until the next annual general meeting in 2022, but not beyond 30 June 2022.

This authorisation replaces the previous authorisation to acquire own shares for implementation of the share saving plan for employees granted by the annual general meeting on 14 May 2020."

1. In accordance with the proposal of the board, the general meeting adopted the following resolution:

"The general meeting of Equinor ASA hereby authorises the board of directors to acquire in the market on behalf of the company, Equinor shares with a face value of up to NOK 187,500,000.

The minimum and maximum amount that can be paid per share will be NOK 50 and NOK 500, respectively. Within these limits, the board of directors shall itself decide at what price and at what time such acquisition shall take place.

Own shares acquired pursuant to this authorisation may only be used for annulment through a reduction of the company's share capital, pursuant to the Norwegian Public Limited Liability Companies Act section 12-1.

The authorisation shall be valid until the next annual general meeting, but no later than 30 June 2022."

There were no further matters for discussion and the annual general meeting was closed.

Stavanger, 11 May 2021

Signed] Tone Lunde Bakker

[Signed] Bjørn Ståle Haavik

[Signed] Siv Helen Rygh Torstensen

Appendix 1: Overview of shares represented at the annual general meeting, either by personal attendance, by proxy, or by advance voting.

Appendix 2: The voting results for the individual issues.

Page 5 of 5

Attendance Summary Report
Registered Attendees:	90
Total Votes Represented:	2 603 902 148
Total Accounts Represented:	3 490
Total Capital:	3 257 687 707
Total Voting Capital:	3 247 567 333
% Total Voting Capital Represented:	80.18 %
% Total Capital Represented:	79.93 %

Sub Total:		90		0	2 603 902 148
Capacity	Registered Attendees		Registered Non-Voting Attendees		Registered Votes	Accounts
Shareholder (web)		86		0	2 182 916 660	86
3rd Party Proxy (web)		1		0	727	14
Chair of the Board WITH PROXY		1		0	3 266 359	549
Chair of the Board WITH INSTRUCTIONS		1		0	294 803 345	2375
ADVANCE VOTES		1		0	122 915 057	466

Freddy Hermansen DNB Bank ASA Issuer Services

of prim

Many film of

For Esumor ASA

As scrutineer appointed for the purpose of the Poll taken at the Annual General Meeting of the Members of the Company held on May 11. 2021, I HEREBY CERTIFY that the result of the Poll is correctly set out as follows :-9 %

						Issued share capital: 3 247 567 333
	VOTES	%	VOTES	%	VOTES	VOTES	% of ISC	NO
	FOR / FOR		MOT /		AVSTAR /	TOTAL	VOTED	VOTES
3	2 603 615 530	100.00	16 548	0,00	150 803	2 603 782 881	80,18 %	119 267
4	2 603 642 3951	100,00	15 887	0,00	134 968	2 603 793 250	80,18 %	108 898
5	2 603 612 392	100.00	13 569	0.00	161 150	2 603 787 111	80,18 %	115 037
6	2 591 104 205	99.68	8 398 856	0,32	4 299 185	2 603 802 246	80,18 %	99 902
7	2 596 661 080	99,73	7 057 388	0.27	75 331	2 603 793 799	80,18 %	108 349
8	144 432 835		5,56 2 452 096 043	94,44	7 265 159	2 603 794 037	80,18 %	108 111
9	64 980 945	2,501	2 536 054 349	97.50	2 760 079	2 603 795 373	80,18 %	106 775
10	13 015 018	0.501	2 585 974 702	99,50	4 803 828	2 603 793 548	80,18 %	108 600
11	14 158 465	0.54	2 584 872 670	99,46	4 762 425	2 603 793 560	80,18 %	108 588
12	22 220 584	0.851	2 576 843 809	99.15	4 730 844	2 603 795 237	80,18 %	106 911
13	11 400 820		0.44 2 588 858 128	99,56	3 535 458	2 603 794 406	80,18 %	107 742
14	12 166 185		0,47 2 588 152 374	99,53	3 475 847	2 603 794 406
15	16 707 283		0,64 2 586 596 173	99,36	491 677	2 603 795 133	80,18 %	107 742
16	17 997 803	0.701	2 544 931 222	99,30	40 865 529	2 603 794 554	80,18 %	107 015
17	1 614 289	0.061	2 596 365 254	99,94	5 815 738	2 603 795 281	80,18 %	107 594
18	2 602 885 200	99,97	702 271	0.03	200 570	2 603 788 041	80.18 %	106 867
19.1	2 571 884 627	98.96	27 024 593	1.04	4 881 487	2 603 790 707	80,18 %	114 107
19.2	2 576 026 284	98,96	27 042 432	1.04	721 904		80,18 %	111 441
20	2 603 205 137	99,99	313 378	0,01	272 182	2 603 790 620	80,18 %	111 528
21	2 602 872 772	99.98	649 326			2 603 790 697	80.18 %	111 451
22	2 602 872 466	99,97	652 331	0,02	268 599	2 603 790 697	80,18 %	111 451
23	2 518 914 732	96.74	84 750 088	0,03	265 900	2 603 790 697	80,18 %	111 451
24	2 596 186 100			3,26	128 439	2 603 793 259	80,18 %	108 889
		99.71	7 440 997	0,29	166 162	2 603 793 259	80.18 %	108 889

Yours faithfully,

Freddy Hermansen

For Edumor ASA