NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE
OR IN PART, INTO OR IN THE UNITED STATES, CANADA, AUSTRALIA, SOUTH AFRICA OR
JAPAN OR ANY OTHER JURISDICTION IN WHICH OFFERS OR SALES WOULD BE PROHIBITED BY
APPLICABLE LAW. THIS ANNOUNCEMENT DOES NOT CONSTITUTE OR FORM AN OFFER OF
SECURITIES IN ANY JURISDICTION IN WHICH ANY SUCH OFFER WOULD BE UNLAWFUL.
PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.

13 April 2026

Contemplated Block Trade in Scatec ASA ("Scatec" or the "Company")

Equinor ASA (the "Seller") is currently contemplating a sale of approximately
12.9 million ordinary shares in Scatec (the "Placing Shares"), representing
approximately 8.1% of Scatec's issued share capital. The Placing Shares will be
offered through a placing to eligible institutional and other professional
investors by means of an accelerated bookbuild (the "Placing"). Morgan Stanley
Europe SE ("Morgan Stanley") and Nordea Bank Abp, filial i Norge ("Nordea") are
acting as joint bookrunners (together referred to as the "Joint Bookrunners") in
connection with the Placing.

The price per Placing Share will be determined through the accelerated bookbuild
process, which will commence with immediate effect following this announcement
and may close at any time on short notice. A further announcement will be made
as soon as practicable following the completion of the bookbuild and pricing of
the Placing. The Seller will receive the net proceeds from the Placing. The
Company is not a party to the Placing and will not receive any proceeds from the
Placing.

The Placing is expected to be priced and allocated before 09:00 CEST on 14 April
2026 (T). The settlement in the Placing will be conducted on a normal
delivery-versus-payment basis (DVP T+2). The Placing Shares will be tradeable on
Euronext Oslo Børs (main regulated list on the Oslo Stock Exchange) from T.

Following completion of the Placing, it is expected that the Seller will hold
approximately 12.9 million ordinary shares in the Company, in respect of which
the Seller has entered into a lock-up commitment towards the Joint Bookrunners
(subject to customary exceptions and waivers) for a period ending 90 days after
settlement of the Placing.  The lock-up will not apply to Equinor Asset
Management AS, an independently managed fund manager wholly-owned by the Seller.

The minimum order and allocation in the Placing have been set to the NOK
equivalent of EUR 100,000. The Joint Bookrunners may, however, offer and
allocate an amount below the NOK equivalent of EUR 100,000 in the Placing to the
extent exemptions from the prospectus requirements, in accordance with
Regulation (EU) 2017/1129, are available.

For further information, please contact your respective stockbroker contact or:
Morgan Stanley
+44 (0) 20 7425 8000
Nordea Bank Abp, filial i Norge
+47 24 14 74 70

IMPORTANT NOTICE

The publication or distribution or release of this announcement and the Placing
of the Placing Shares as set out in this announcement in certain jurisdictions
may be restricted by law. This announcement is for information purposes only and
shall not constitute or form part of an offer to buy, sell, issue, acquire or
subscribe for, or the solicitation of an offer to buy, sell, issue, acquire or
subscribe for any securities, nor shall there be any sale of securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful. No
action has been taken that would permit an offering of such shares or possession
or distribution of this announcement or any other offering or publicity material
relating to such shares in any jurisdiction where action for that purpose is
required. Persons into whose possession this announcement comes are required to
inform themselves about, and to observe, such restrictions. Any failure to
comply with these restrictions may constitute a violation of the securities laws
of such jurisdictions.

Members of the general public are not eligible to take part in the Placing. 
This announcement and any offer of securities to which it relates are only
addressed to and directed at (1) in the United Kingdom and in any member state
of the European Economic Area, persons who are qualified investors in such
member state within the meaning of the Prospectus Regulation (Regulation (EU)
2017/1129) (the "Prospectus Regulation") or in the United Kingdom within the
meaning of the Prospectus Regulation as it forms part of retained EU law by
virtue of the European Union (Withdrawal) Act 2018 ("Qualified Investors")