Disclosure of significant shareholding – notification of exemption from consolidation

17 Jan 2023 17:09 CET

Equinor ASA has today notified the Norwegian Financial Supervisory Authority of
its decision to not consolidate its listed shareholdings with shareholdings
managed by Equinor Asset Management AS, pursuant to section 4-2(1) and (3) of
the Norwegian Securities Trading Regulation. Following the notification, Equinor
ASA’s shareholding in Scatec ASA is no longer consolidated with Equinor
Insurance AS’ (a wholly-owned subsidiary of Equinor ASA) shareholding in Scatec
ASA.

Equinor ASA holds 20,776,200 shares in Scatec ASA, corresponding to 13.07
percent of the shares and votes. In addition, Equinor Insurance AS holds 53,216
shares in Scatec ASA, corresponding to 0.03 percent of the shares and votes.
Neither Equinor ASA nor Equinor Insurance AS hold any rights to shares in Scatec
ASA. This disclosure is made pursuant to section 4-3 of the Norwegian Securities
Trading Act.

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