DNO ASA — Capital/Financing Update 2018

May 2, 2018

DNO to Hold Fixed Income Investor Meetings

DNO to Hold Fixed Income Investor Meetings

2 May 2018 - DNO ASA, the Norwegian oil and gas operator, today announced it has

engaged Pareto Securities AS to arrange fixed income investor meetings. Subject

to market conditions and acceptable terms, a transaction may follow.

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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 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.

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This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.