DNO ASA — Director's Dealing 2014

Aug 22, 2014

DNO ASA: Mandatory Notification of Trade

DNO ASA: Mandatory Notification of Trade

Oslo, 22 August 2014- DNO ASA ("DNO") announces that on 22 August 2014 the

following primary insiders have acquired synthetic shares in DNO under the

Employee Share Saving Scheme (the "Scheme") at a price of NOK 15.17 per

synthetic share based on the closing price on 21 August 2014:

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

|Name |Position                    |Synthetic |Total holding |

| | |shares |of synthetic |

| | |purchased |shares |

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

|Anita Hjerkinn |Director Human Resources | 1974| 11000|

|Aarnæs | | | |

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

|Nicholas |VP Corporate Controls and Chief | 2264| 9542|

|Atencio |Risk Officer | | |

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

|Christian Dalby|Senior Legal Counsel & Corporate| 357| 2399|

| |Secretary | | |

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

|Bjørn Dale |President and Managing Director | 2266| 12503|

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

|Daljit Gill |General Manager Kurdistan | 1920| 15165|

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

|Oliver Girardot|Advisor to the President and | 1169| 7115|

| |Managing Director | | |

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

|Tore Lilloe- |VP Exploration | 1136| 1136|

|Olsen | | | |

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

|Ståle Monstad |Director Subsurface | 1889| 7430|

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

|Trond Myrseth |VP Operations | 2191| 12738|

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

|Scott North |General Manager Yemen | 1614| 10050|

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

|Michel Pick |General Manager Tunisia | 2529| 13156|

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

|Haakon Sandborg|VP Chief Financial Officer | 990| 6021|

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

|Per Øyvind |Corporate Financial Controller | 1058| 5175|

|Stene | | | |

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

|Andreas Strand |Advisor to the President and | 1127| 2803|

| |Managing Director | | |

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

Oslo, 22. August 2014

DNO ASA

Corporate Communications

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

Norwegian Securities Trading Act.

[HUG#1850469]