DNO ASA — Capital/Financing Update 2020

Sep 10, 2020

DNO ASA: FAPE01 Bond Buyback

DNO ASA: FAPE01 Bond Buyback

Oslo, 10 September 2020 - DNO ASA, the Norwegian oil and gas operator, today

purchased USD 1 million in nominal value of FAPE01 bonds (ISIN NO0010811268)

originally issued by Faroe Petroleum plc, and renamed DNO North Sea plc. The

bonds were purchased at a price of 104.25. Following the bond buyback, USD 9.2

million in nominal value of the FAPE01 bonds remain outstanding with DNO ASA

holding the balance of USD 76.6 million. The FAPE01 bonds mature on 28 April

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For further information, please contact:

Media: media@dno.no

Investors: investor.relations@dno.no

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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, the United

Kingdom, Netherlands, Ireland and Yemen.

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.