DNO ASA — Director's Dealing 2015

Aug 21, 2015

DNO ASA: Notification - Holding of Synthetic Shares

DNO ASA: Notification - Holding of Synthetic Shares

Oslo, 21 August 2015 - DNO ASA ("DNO") announces that on 21 August 2015 the

following primary insiders have acquired synthetic shares in DNO under the

Employee Share Saving Scheme (the "Scheme") at a price of NOK 5.42 per synthetic

share based on the closing price on 20 August 2015:

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

|Name |Position  |Synthetic |Total number of |Total holding |

| | |shares |sold/settled |of synthetic |

| | |purchased |synthetic shares |shares |

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

|Anita Hjerkinn|Director Human | 1 613|  | 21 055|

|Aarnæs |Resources | | | |

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

|Daljit Gill |General Manager| 1|  | 25 618|

| |Kurdistan | | | |

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

|Kathrine |Group | 554|  | 1 293|

|Heiersjø |Controller | | | |

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

|Amzy Hibler |Deputy Chief | 5 702|  | 12 596|

| |Financial | | | |

| |Officer | | | |

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

|Scott North |General Manager| 6 675|  | 30 243|

| |Yemen | | | |

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

|Michel Pick |General Manager| 7 795|  | 40 184|

| |Tunisia | | | |

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

|Jeroen Regtien|Chief Operating| 9 745|  | 13 233|

| |Officer | | | |

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

|Haakon |Chief Financial| 2 766|  | 18 662|

|Sandborg |Officer | | | |

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

|Aslak |Director of | 4 033|  | 8 364|

|Steinsvik |Corporate | | | |

| |Services | | | |

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

|Per Øyvind |Group Finance | 2 765|  | 13 456|

|Stene |Manager | | | |

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

|David Thorpe |General Manager| 4 492|  | 21 061|

| |Ras Al Khaimah | | | |

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

|Claes Åbyholm |General Counsel| 4 148|  | 6 111|

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

Note that the total holding of synthetic shares in the Scheme includes bonuses

awarded as contribution to the Scheme and matching synthetic shares.

--

Oslo, 21 August 2015

DNO ASA

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1946871]