DNO ASA — Earnings Release 2010

Jan 28, 2011

DNO reports a working interest (WI) production of 20,885 bopd in December and 16,252 bopd for the full fourth quarter

Net entitlement (NE) production was 13,675 bopd in December and 10,602 bopd in

the fourth quarter.

The average realized oil price on the NE production in the fourth quarter was

USD 54 per barrel.

Local sales volumes in Kurdistan have further increased in January and the total

WI production in January is expected to be around or above 28,000 bopd.

For more information see the attached full production report.

Oslo, 28 January 2011

DNO International ASA

Corporate Communications

This information is subject of the disclosure requirements acc. to §5-12 vphl

(Norwegian Securities Trading Act)

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