DNO ASA

Capital/Financing Update • Jun 2, 2025

DNO Contemplates Hybrid Bond Issue

DNO Contemplates Hybrid Bond Issue

2 June 2025 - DNO ASA, the Norwegian oil and gas operator, today announced it

has engaged Arctic Securities AS, DNB Carnegie (a part of DNB Bank ASA) and

Pareto Securities AS as Joint Bookrunners to arrange fixed income investor

meetings. Subject to inter alia market conditions and acceptable terms, a new

subordinated hybrid bond issue may follow.

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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 active in the Middle East, the North

Sea and West Africa. 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, Côte d'Ivoire and Yemen. More information is available

at www.dno.no.

This information is considered to be inside information pursuant to the EU

Market Abuse Regulation and is subject to the disclosure requirements pursuant

to section 5-12 of the Norwegian Securities Trading Act. This stock exchange

notice was published by Jostein Løvås, DNO ASA Communication Manager, on the

time and date set out above.