DNO ASA — M&A Activity 2017

Jun 29, 2017

DNO Completes Acquisition of Origo Exploration

DNO Completes Acquisition of Origo Exploration

Oslo, 29 June 2017 - DNO ASA, the Norwegian oil and gas operator, today

announced the completion of the acquisition of Origo Exploration Holding AS, a

privately-held oil and gas exploration company with a focus offshore Norway and

the United Kingdom.

The transaction has been approved by regulatory authorities in both Norway and

the United Kingdom.

Rebranded DNO Norge AS, the company is now a wholly-owned, Stavanger-based,

subsidiary of DNO.

Following the acquisition, DNO returns to the North Sea with stakes in 11

exploration and appraisal licenses, of which seven are on the Norwegian

Continental Shelf and four on the UK Continental Shelf.

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For further information, please contact:

Media: media@dno.no

Investors: investor.relations@dno.no

Tel: +47 911 57 197

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DNO ASA is a Norwegian oil and gas operator focused on the Middle East and North

Africa. Founded in 1971 and listed on the Oslo Stock Exchange, the Company holds

stakes in onshore and offshore licenses at various stages of exploration,

development and production in the Kurdistan region of Iraq, Oman, Somaliland,

Tunisia and Yemen.

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This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.