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DNO ASA Director's Dealing 2014

Nov 14, 2014

3580_dirs_2014-11-14_4bb6a798-0784-45c6-b561-21a22472812e.html

Director's Dealing

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DNO ASA: Mandatory Notification of Trade

DNO ASA: Mandatory Notification of Trade

Oslo, 14 November 2014 - DNO ASA ("DNO") announces that on 14 November 2014 the

following primary insiders have acquired synthetic shares in DNO under the

Employee Share Saving Scheme (the "Scheme") at a price of NOK 13.73 per

synthetic share based on the closing price on 13 November 2014:

+------------------+---------------------+------------------+------------------+

|Name |Position  |Synthetic shares |Total holding of |

| | |purchased |synthetic shares |

+------------------+---------------------+------------------+------------------+

|Anita Hjerkinn |Director Human | 2 289| 13 289|

|Aarnæs |Resources | | |

+------------------+---------------------+------------------+------------------+

|Nicholas Atencio |VP Corporate Controls| 2 583| 12 125|

| |and Chief Risk | | |

| |Officer | | |

+------------------+---------------------+------------------+------------------+

|Bjørn Dale |President and | 4 399| 16 902|

| |Managing Director | | |

+------------------+---------------------+------------------+------------------+

|Daljit Gill |General Manager | 2 110| 17 275|

| |Kurdistan | | |

+------------------+---------------------+------------------+------------------+

|Oliver Girardot |Advisor to the | 1 292| 8 407|

| |President and | | |

| |Managing Director | | |

+------------------+---------------------+------------------+------------------+

|Tore Lilloe-Olsen |VP Exploration | 3 764| 4 900|

+------------------+---------------------+------------------+------------------+

|Ståle Monstad |Director Subsurface | 2 086| 9 516|

+------------------+---------------------+------------------+------------------+

|Trond Myrseth |VP Operations | 2 420| 15 158|

+------------------+---------------------+------------------+------------------+

|Scott North |General Manager Yemen| 1 850|   11 900|

+------------------+---------------------+------------------+------------------+

|Michel Pick |General Manager | 2 928| 16 084|

| |Tunisia | | |

+------------------+---------------------+------------------+------------------+

|Haakon Sandborg |VP Chief Financial | 1 093| 7 114|

| |Officer | | |

+------------------+---------------------+------------------+------------------+

|Per Øyvind Stene |Group Finance Manager| 1 476| 6 651|

+------------------+---------------------+------------------+------------------+

|Andreas Strand |Advisor to the | 1 348| 4 151|

| |President and | | |

| |Managing Director | | |

+------------------+---------------------+------------------+------------------+

|David Thorpe |General Manager Ras | 3 565| 3 565|

| |Al Khaimah | | |

+------------------+---------------------+------------------+------------------+

Oslo, 14. November 2014

DNO ASA

Corporate Communications

This information is subject to disclosure pursuant to section 5-12 of the

Norwegian Securities Trading Act.

[HUG#1871365]