DNO ASA - Capital/Financing Update 2018

DNO ASA: Bondholders Meeting Approves Resolution

Oslo, 29 June 2018 - DNO ASA, the Norwegian oil and gas operator, today

announced that a meeting of bondholders of the DNO01 bond issue (ISIN NO

0010740392) approved a resolution to align the covenant structure and terms of

the DNO01 bond issue with DNO's USD 400 million five-year senior unsecured bond

issue (ISIN NO 0010823347) settled on 31 May 2018.

Of the bondholders represented at the meeting, 80.11 percent voted in the favor

of the resolution.

The notice following the bondholders meeting issued by Nordic Trustee AS is

attached.

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 the

North Sea. 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, Norway, Oman,

Somaliland, Tunisia, the United Kingdom and Yemen.

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

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