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Equinor to participate in Ørsted Rights Issue

1. Equinor supports Ørsted’s Rights Issue to strengthen their balance sheet. 2. Equinor will maintain its 10% stake in Ørsted through this participation. 3. Confidence in Ørsted's business aligns with future offshore wind competitiveness. 4. Equinor plans to nominate a board candidate for Ørsted. 5. Focus remains on U.S. offshore wind projects, notably Empire Wind 1.

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Why Bullish?

Equinor's support for Ørsted indicates confidence in offshore wind sector, potentially boosting EQNR's profile. Historical backing of strategic partnerships often enhanced stock value, as seen with similar energy collaborations.

How important is it?

The article illustrates Equinor's commitment to offshore wind, an area likely to yield growth, impacting investor sentiment positively.

Why Long Term?

The strategic support signifies long-term commitment to offshore projects, suggesting potential sustained growth. Historical industry patterns show that robust investments in renewables yield dividends over longer periods.

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ORSTEDXOMBPNKE
September 01, 2025 01:03 ET  | Source: Equinor ASA Equinor (OSE, NYSE: EQNR) has assessed the proposal put forward by the Board of Directors of Ørsted A/S on 11 August 2025 for a Rights Issue with pre-emptive rights for existing shareholders (the “Rights Issue”). Following dialogue with Ørsted, Equinor has decided to support the proposal to strengthen Ørsted’s balance sheet in response to the current industry challenges. As a long-term industrial shareholder, Equinor intends to participate in the Rights Issue and maintain its 10% ownership share in Ørsted. Ahead of the next annual general meeting, Equinor will also nominate a candidate to Ørsted’s board of directors. Equinor’s support of the Rights Issue reflects confidence in Ørsted’s underlying business, and the competitiveness of offshore wind in the future energy mix, in selected geographies. In response to the challenges facing offshore wind, the industry will see consolidation and new business models. Equinor believes that a closer industrial and strategic collaboration between Ørsted and Equinor can create value for all shareholders in both companies. Equinor is following recent developments around the offshore wind industry in the US closely and will remain in dialogue with Ørsted as the situation evolves. Subject to the final terms of the Rights Issue, Equinor will subscribe for new shares at a consideration of up to DKK 6 billion, or around USD 939 million, based on a USD/DKK exchange rate of 6.39. Equinor will participate in the Rights Issue within its communicated financial framework and remains committed to delivering competitive capital distribution. Equinor’s offshore wind portfolio consists of 0.4 GW net installed capacity, and a further 3.0 GW under development. The current focus is on completing the ongoing development projects in North-West Europe and Empire Wind 1 in the US. Further information from: Investor relationsBård Glad Pedersen, senior vice president Investor Relations,+47 918 01 791 MediaSissel Rinde, vice president Media Relations,+47 412 60 584 This information is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act

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