DNO ASA — Director's Dealing 2011

Jan 18, 2011

MANDATORY NOTIFICATION OF TRADE

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

International ASA (DNO) Berge Gerdt Larsen, has on 17 January 2011 transferred

24,997,058 shares in DNO to Increased Oil Recovery AS at a price of NOK 8.98 per

share.

Larsen Oil & Gas AS is a 100% owned subsidiary of Increased Oil Recovery AS.

Following this transaction, companies controlled by Berge Gerdt Larsen still

controls the same 30,836,342 shares in DNO, representing 3.25% of total shares

in the Company.

Oslo, 18 January 2011

DNO International ASA

Corporate Communications

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

(Norwegian Securities Trading Act)

[HUG#1480378]