DNO ASA

Capital/Financing Update • Jul 1, 2025

Prospectus Approved for Listing of DNO's USD 600 Million Bonds on Oslo Stock Exchange

Prospectus Approved for Listing of DNO's USD 600 Million Bonds on Oslo Stock Exchange

Oslo, 1 July 2025 - DNO ASA, the Norwegian oil and gas operator, today announced

that the Financial Supervisory Authority of Norway on 1 July 2025 approved the

prospectus prepared in connection with the listing on the Oslo Stock Exchange of

the Company's 8.5 percent USD 600 million senior unsecured callable bonds issued

on 27 March 2025 with maturity in March 2030 (ISIN: NO0013511113). Trading in

the bonds is expected to commence shortly.

The prospectus dated 1 July 2025 is available on the Company's website

www.dno.no.

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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 subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

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This release does not constitute any offer or solicitation to sell or purchase

any securities.

The release may not be released, published or distributed in the United States

of America or any other jurisdiction where release, publication or distribution

would be prohibited or require any registration or filing acts or similar.