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2016-02-12

DNO ASA: Notification - Holding of Synthetic Shares

Oslo, 12 February 2016 - DNO ASA ("DNO") announces that on 12 February 2016 the following primary insiders have acquired synthetic shares in DNO under the Employee Share Saving Scheme (the "Scheme") at a price of NOK 4.12 per synthetic share based on the closing price on 11 February 2016:---------------------------------------------------------------------------------------------------------------------------------------------------------------
| Name Title Synthetic shares Purchased Total no of sold/settled synthetic shares Total holding of synthetic shares |
| Scott North General Manager Yemen 9 727 - 49 851 |
| Michel Pick General Manager Tunisia 11 306 - 77 935 |
| Jeroen Regtien Chief Operating Officer 14 185 - 36 821 |
| Haakon Sandborg Chief Financial Officer 3 638 - 27 071 |
| David Thorpe General Manager Ras Al Khaimah 4 134 - 29 334 |
| Steven van Rossem General Manager Oman 15 607 - 19 056 |
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Note that the total holding of synthetic shares in the Scheme is affected by
bonuses awarded as contribution to the Scheme and matching synthetic shares.

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Oslo, 12, February 2016

DNO ASA

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

HUG#1985684

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