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2015-08-21

DNO ASA: Notification - Holding of Synthetic Shares

Oslo, 21 August 2015 - DNO ASA ("DNO") announces that on 21 August 2015 the following primary insiders have acquired synthetic shares in DNO under the Employee Share Saving Scheme (the "Scheme") at a price of NOK 5.42 per synthetic share based on the closing price on 20 August 2015:-----------------------------------------------------------------------------------------------------------------------------------------------------------------------
| Name Position Synthetic shares purchased Total number of sold/settled synthetic shares Total holding of synthetic shares |
| Anita Hjerkinn Aarnæs Director Human Resources 1 613 21 055 |
| Daljit Gill General Manager Kurdistan 1 25 618 |
| Kathrine Heiersjø Group Controller 554 1 293 |
| Amzy Hibler Deputy Chief Financial Officer 5 702 12 596 |
| Scott North General Manager Yemen 6 675 30 243 |
| Michel Pick General Manager Tunisia 7 795 40 184 |
| Jeroen Regtien Chief Operating Officer 9 745 13 233 |
| Haakon Sandborg Chief Financial Officer 2 766 18 662 |
| Aslak Steinsvik Director of Corporate Services 4 033 8 364 |
| Per Øyvind Stene Group Finance Manager 2 765 13 456 |
| David Thorpe General Manager Ras Al Khaimah 4 492 21 061 |
| Claes Åbyholm General Counsel 4 148 6 111 |
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Note that the total holding of synthetic shares in the Scheme includes bonuses
awarded as contribution to the Scheme and matching synthetic shares.

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Oslo, 21 August 2015

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

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