Equinor

Capital/Financing Update • Apr 1, 2020

Equinor ASA: Execution of debt capital market transactions

Equinor ASA: Execution of debt capital market transactions

On Wednesday April 1, 2020 Equinor ASA (OSE:EQNR, NYSE:EQNR), guaranteed by

Equinor Energy AS, executed a total of USD 5 billion in the debt capital market.

The debt capital market transaction consists of the following tranches:

* Issue of USD 1.25 billion 2.875% Notes due April 6, 2025

* Issue of USD 0.5 billion 3.0% Notes due April 6, 2027

* Issue of USD 1.5 billion 3.125% Notes due April 6, 2030

* Issue of USD 0.5 billion 3.625% Notes due April 6, 2040

* Issue of USD 1.25 billion 3.7% Notes due April 6, 2050

"Equinor is in a strong position to handle market volatility and uncertainty. In

combination with our USD 3 billion action plan to reduce cost, this transaction

will further strengthen our financial resilience and flexibility going forward,

and ensure liquidity to prioritised projects," says CFO of Equinor ASA, Lars

Christian Bacher.

The net proceeds from the issue of the Notes will be used for general corporate

purposes, which may include the repayment or purchase of existing debt or other

purposes described in the prospectus supplement for the issue of Notes.

The Notes have been fully subscribed and the settlement date is April 6, 2020.

Further information:

Investor relations

Peter Hutton, Senior Vice President, Investor Relations,

+44 7881 918 792

Press

Bård Glad Pedersen, Vice President, Media Relations,

+47 918 01 791

Finance

Annant Shah, Vice President, Capital Markets,

+44 203 204 3200

This announcement does not constitute an offer to sell or the solicitation of an

offer to buy any securities of Equinor ASA nor shall there be any sale of these

securities in any jurisdiction in which such offer, solicitation or sale would

be unlawful prior to registration or qualification under the securities laws of

such jurisdiction.

The offering is being made pursuant to an effective shelf registration statement

filed with the U.S. Securities and Exchange Commission ("SEC"). The offering is

being made only by means of a prospectus and related prospectus supplement. The

prospectus and related preliminary prospectus supplement may be obtained by

visiting the SEC's website at?www.sec.gov.? Alternatively, you may request these

documents by calling (1) BofA Securities, Inc. at 1-800-294-1322, (2) Barclays

Capital Inc. at 1-888-603-5847, (3) Citigroup Global Markets Inc. toll-free at

1-800-831-9146, or (4) J.P. Morgan Securities LLC at 1-212-834-4533 (collect).

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act