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DNO ASA Major Shareholding Notification 2015

May 7, 2015

3580_iss_2015-05-07_0072f5ec-c05f-4ee4-b801-e30d550bc47d.html

Major Shareholding Notification

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DNO ASA: Notification - Holding of Synthetic Shares

DNO ASA: Notification - Holding of Synthetic Shares

DNO ASA ("DNO") announces that on 7 May 2015 the following primary insiders have

acquired synthetic shares in DNO under the Employee Share Saving Scheme (the

"Scheme") at a price of NOK 10.17 per synthetic share based on the closing price

on 6 May 2015:

+--------------+---------------+--------------+-----------------+--------------+

|Name |Position  |Synthetic |Total number of |Total holding |

| | |shares |sold/settled |of synthetic |

| | |purchased |synthetic shares |shares |

+--------------+---------------+--------------+-----------------+--------------+

|Anita Hjerkinn|Director Human | 1| 2 600| 18 233|

|Aarnæs |Resources | | | |

+--------------+---------------+--------------+-----------------+--------------+

|Bjørn Dale |President and | 1 619|  | 28 198|

| |Managing | | | |

| |Director | | | |

+--------------+---------------+--------------+-----------------+--------------+

|Daljit Gill |General Manager| 2 704| 5 443| 23 002|

| |Kurdistan | | | |

+--------------+---------------+--------------+-----------------+--------------+

|Kathrine |Group | 590|  | 739|

|Heiersjø |Controller | | | |

+--------------+---------------+--------------+-----------------+--------------+

|Amzy Hibler |Deputy Chief | 3 041|  | 6 894|

| |Financial | | | |

| |Officer | | | |

+--------------+---------------+--------------+-----------------+--------------+

|Scott North |General Manager| 3 410|  | 21 586|

| |Yemen | | | |

+--------------+---------------+--------------+-----------------+--------------+

|Michel Pick |General Manager| 4 164|  | 29 509|

| |Tunisia | | | |

+--------------+---------------+--------------+-----------------+--------------+

|Jeroen Regtien|Chief Operating| 3 488|  | 3 488|

| |Officer | | | |

+--------------+---------------+--------------+-----------------+--------------+

|Haakon |Chief Financial| 1 475|  | 14 566|

|Sandborg |Officer | | | |

+--------------+---------------+--------------+-----------------+--------------+

|Per Øyvind |Group Finance | 1 475|  | 9 542|

|Stene |Manager | | | |

+--------------+---------------+--------------+-----------------+--------------+

|David Thorpe |General Manager| 3 131|  | 16 569|

| |Ras Al Khaimah | | | |

+--------------+---------------+--------------+-----------------+--------------+

|Claes Åbyholm |General Counsel| 1|  | 1 963|

+--------------+---------------+--------------+-----------------+--------------+

|Aslak |Director | 2 151|  | 4331|

|Steinsvik |Corporate | | | |

| |Services | | | |

+--------------+---------------+--------------+-----------------+--------------+

Oslo, 7 May 2015

DNO ASA

[HUG#1919563]