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2017-01-30

DNO ASA: DNO Reports Payment for Tawke Deliveries

Oslo, 30 January 2017 - DNO ASA, the Norwegian oil and gas operator, today
reported receipt of USD 8.41 million from the Kurdistan Regional Government
as payment towards June 2016 crude oil deliveries to the export market from
the Tawke field.

The payment completes settlement of the total invoiced amount for June 2016 of
USD 38.41 million, for which a partial payment of USD 30.00 million was
received in August 2016.

The funds are to be shared pro-rata by DNO and partner Genel Energy plc.

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For further information, please contact:
Media:media@dno.no

Investors:investor.relations@dno.no

Tel: +47 911 57 197

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DNO ASA is a Norwegian oil and gas operator focused on the Middle East and
North Africa. Founded in 1971 and listed on the Oslo Stock Exchange, the
Company holds stakes in onshore and offshore licenses at various stages of
exploration, development and production in the Kurdistan region of Iraq,
Yemen, Oman, the United Arab Emirates, Tunisia and Somaliland.

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This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

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This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: DNO ASA via Globenewswire

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