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2016-01-19

DNO ASA: Mandatory Notification of Trade

Oslo, 19 January 2016 - DNO ASA, the Norwegian oil and gas operator, has on 18
January 2016 purchased 500,000 own shares at an average price of NOK 4.3436
per share.

The purchase is part of the share buyback program announced on 15 December
2015.

Following this transaction DNO holds 7,200,000 own shares.

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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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