DNO ASA — Director's Dealing 2010

Dec 21, 2010

MANDATORY NOTIFICATION OF TRADE

Larsen Oil & Gas AS, a company controlled by Chairman of the Board of DNO Berge

Gerdt Larsen, has today bought 100 000 shares in DNO International ASA at a

price of NOK 8.475 per share.

Following this transaction, companies controlled by Berge Gerdt Larsen holds

30 746 342 shares in DNO, representing 3.24% of total shares in the Company

Oslo, 21 December 2010

DNO International ASA

Corporate Communications

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

(Norwegian Securities Trading Act)

[HUG#1474901]