DNO ASA — Director's Dealing 2023

May 30, 2023

Form of notification – Automatic Settlement of Synthetic Shares for Tax Purposes Employee Synthetic Share Program

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Geir Arne Skau
2.	Reason for the notification
a)	Position / status	Chief HR and Corporate Services Officer
b)	Initial notification / amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	DNO ASA

b) LEI 5967007LIEEXZXH3K072

4.	Details of the transaction(s) section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Synthetic shares pursuant to Employee Synthetic Share Program in DNO ASA. The synthetic shares have no separate identification code and track the ordinary shares of DNO ASA, ISIN NO0003921009.
b)	Nature of the transaction	Automatic settlement of synthetic sharesfor tax purposes pursuant to Employee Synthetic Share Program in DNO ASA.
		Price(s)	Volume(s)
c)	Price(s) and volume(s)	9.94	125 857
	Aggregated information
	— Aggregated volume	N/A transaction relates to one-time settlement of synthetic shares
		Price: 9.94
		Volume: 125 857
d)	— Price	Total value: NOK 1,251,019
e)	Date of the transaction	2023-05-26; 16:30 CET time.
f)	Place of the transaction	Outside a trading venue