DNO ASA - M&A Activity 2018 | FinancialReports.eu

DNO Tenders for Shares in Faroe Petroleum

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LOCATED OR RESIDENT IN THE UNITED STATES OF AMERICA, OR TO ANY U.S. PERSON, OR

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4 April 2018 - DNO ASA, the Norwegian oil and gas operator, announced today that

it has engaged Pareto Securities AS to acquire up to 10 percent of the

outstanding shares in Faroe Petroleum plc.

Shareholders in Faroe Petroleum are invited to tender shares through a reverse

book building process. Tendered shares that are accepted by DNO at its sole

discretion will receive one price determined in the reverse book building. DNO

reserves the right to close the reverse book building at any time, but no later

than 08:00 CET (07:00 BST) on 5 April 2018.

Shareholders who wish to sell their shares should call Pareto's broker desk on

+47 22 87 87 50 or +44 207 786 4386.

***

This release does not constitute any offer or solicitation to sell or purchase

any securities, and may not be released, published or distributed in the United

States of America or any other jurisdiction where such offer, solicitation,

release, publication or distribution would be prohibited or require any

registration or filing acts or similar.

***

This announcement is directed only at persons (i) having professional experience

in matters relating to investments who fall within the definition of 'investment

professionals' in Article 19(5) of the Financial Services and Markets Act 2000

(Financial Promotion) Order 2005 (the "Order") or (ii) who are high net worth

entities falling within Article 49(2) of the Order, and other persons to whom it

may otherwise lawfully be communicated (all such persons together being referred

to as "relevant persons"). This announcement must not be acted or relied on in

the United Kingdom by persons who are not relevant persons.

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