DNO ASA — Major Shareholding Notification 2023

Feb 2, 2023

Disclosure of Large Shareholding

Disclosure of Large Shareholding

Oslo, 2 February 2023 - DNO ASA, the Norwegian oil and gas operator, today

reported that it has passed the five percent threshold for disclosure of large

shareholdings following own share purchases as part of the Company's ongoing

share buyback program. Further information regarding the program appears in the

Company's stock exchange notification of 8 December 2022 and subsequent weekly

notifications providing details of transactions under the program.

As of 2 February 2023, the Company holds a total of 52,719,531 own shares,

corresponding to 5.00 percent of its share capital.

-

For further information, please contact:

Media: media@dno.no

Investors: investor.relations@dno.no

-

DNO ASA is a Norwegian oil and gas operator active in the Middle East, the North

Sea and West 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, Norway,

the United Kingdom, Côte d'Ivoire, Netherlands and Yemen.

This information is subject to the disclosure requirements pursuant to §§ 4-2

and 5-12 of the Norwegian Securities Trading Act.