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2016-02-08

DNO ASA: DNO Reports Payment for Tawke Exports

Oslo, 8 February 2016 - DNO ASA, the Norwegian oil and gas operator, today
reported receipt of USD 21.45 million from the Kurdistan Regional Government
for exports from the Tawke field under a new payment arrangement announced on
1 February 2016.

The payment, to be shared pro-rata by DNO and partner Genel Energy plc,
includes USD 17.99 million toward the monthly entitlement for January exports
and USD 3.46 million toward the recovery of outstanding entitlements for past
deliveries.

Tawke deliveries for export in January averaged 119,390 barrels per day.

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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 OMX Corporate Solutions on behalf of NASDAQ OMX 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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