Equinor to commence first tranche of the 2026 share buy-back programme

Core Viewpoint - Equinor has announced a share buy-back programme for 2026, with a total value of up to USD 1.5 billion, aimed at reducing issued share capital and maintaining shareholder value [2][4]. Group 1: Share Buy-Back Programme Details - The first tranche of the share buy-back programme will commence on 5 February 2026, with a value of up to USD 375 million, including USD 123.75 million to be purchased in the market [1][2]. - The maximum number of shares that can be purchased in the market under the authorisation is 84 million, with 33,097,247 shares remaining available at the start of the first tranche [5]. - The minimum price per share is set at NOK 50, while the maximum price is NOK 1,000, with the authorisation valid until the annual general meeting in May 2026 [5]. Group 2: Regulatory and Procedural Aspects - The share buy-back programme will be executed in tranches, with subsequent tranches to be decided quarterly by the board of directors, subject to market conditions and board authorisation [3][4]. - An agreement with the Norwegian State will ensure that the State maintains its ownership share at 67% by redeeming a proportionate number of shares purchased in the market [6][8]. - Transactions will be conducted in compliance with applicable regulations, including the Norwegian Securities Trading Act and EU Commission regulations [7].