DNO ASA — Capital/Financing Update 2021

Sep 8, 2021

DNO02 - Key Information Relating to Redemption of Bond Loan

DNO02 - Key Information Relating to Redemption of Bond Loan

Issuer: DNO ASA

ISIN of bond loan: NO0010823347

Date of redemption: 22 September 2021

Redemption amount: USD 145,400,000

Outstanding loan amount after redemption: 0

Redemption price: 103.50% plus accrued, and unpaid interest

Other information: As announced on 1 September 2021, the Issuer will buy back

bonds in the aggregated nominal amount of USD 154,600,000 to be cancelled and

discharged (buy-back of bonds at same pricing as for the call).

This information is published in accordance with the requirements of the

Continuing Obligations.