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DNO ASA Capital/Financing Update 2021

May 5, 2021

Capital/Financing Update

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DNO02 - Key Information Relating to Partial Redemption of Bond Loan

Issuer: DNO ASA

ISIN of bond loan: NO0010823347

Date of redemption: 1 June 2021

Redemption amount: USD 100 million

Outstanding loan amount after redemption: USD 300 million

Redemption price: 103.50%

This information is published in accordance with the requirements of the

Continuing Obligations.