DNO ASA - Capital/Financing Update 2016

DNO Confirms Kurdistan Payment

Oslo, 6 January 2016 - DNO ASA, the Norwegian oil and gas operator, today

confirmed receipt of USD 30 million as partial payment towards oil exported from

the Tawke field by the Kurdistan Regional Government. The payment, to be shared

pro-rata with Tawke license partner Genel Energy plc, is the fourth such monthly

payment since September 2015.

For further information, please contact:

Tel: +47 911 57 197

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.

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1976797]

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