DNO ASA — Capital/Financing Update 2022

Jun 1, 2022

DNO Completes Partial Redemption of Bond Loan

DNO Completes Partial Redemption of Bond Loan

Oslo, 1 June 2022 - DNO ASA, the Norwegian oil and gas operator, yesterday

completed a USD 200 million partial call option redemption of its ISIN NO

0010852643 bond loan as referenced in the Company's 11 May 2022 stock exchange

announcement.

Following this partial redemption and cancellation of USD 23,841,000 bonds

previously acquired owned by the Company, the total amount outstanding under the

bond loan is USD 176,159,000.

-

This information is published in accordance with the requirements of the

Continuing Obligations.