Mandatory Notification of Trade

Reference is made to the stock exchange notice dated 18 November 2010 regarding

the completed private placement of 45 million new shares at a subscription price

of NOK 8.00 per share in DNO directed towards Norwegian and international

institutional investors.

RAK Petroleum PCL, represented on the Board of DNO, has been allocated

13 500 000 shares in this private placement. Following this transaction,

shareholdings in DNO International ASA controlled by RAK Petroleum PCL is

284 957 075 shares, representing 30% of total shares in the Company.

Companies controlled by Chairman of the Board of DNO, Berge Gerdt Larsen, has

been allocated 2 574 900 shares in this private placement. Following this

transaction, shareholdings in DNO International ASA controlled by the Chairman

is 29 789 821 shares, representing 3.14% of total shares in the Company.

Oslo, 18 November 2010

DNO International ASA

Corporate Communications

This information is subject of the disclosure requirements acc. to §5-12 vphl

(Norwegian Securities Trading Act)

[HUG#1463653]

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