DNO ASA

Director's Dealing • May 22, 2024

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	Haakon Sandborg
2.	Reason for the notification
a)	Position / status	CFO
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	Settlement of synthetic shares pursuant to Employee Synthetic Share Program in DNO ASA.
		Price(s)	Volume(s)
c)	Price(s) and volume(s)	NOK 11.00	88,846
	Aggregated information
	— Aggregated volume	N/A transaction relates to one-time settlement of synthetic shares
		Price: NOK 11.00
		Volume: 88,846
d)	— Price	Total value NOK 977,308
e)	Date of the transaction	2024-05-20; 16:30 CET
f)	Place of the transaction	XOFF - Outside a trading venue