DNO ASA - Share Issue/Capital Change 2020

DNO Extraordinary General Meeting Held; Resolution Passed by Shareholders

Oslo, 28 February 2020 - DNO ASA, the Norwegian oil and gas operator, announced

that shareholders overwhelmingly approved the resolution to cancel all

108,381,415 own shares held by the Company at an Extraordinary General Meeting

held today in Oslo. The canceled shares represented 10 percent of DNO shares

outstanding.

The minutes from the Extraordinary General Meeting are attached.

For further information, please contact:

Tel: +47 23 23 84 80

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

North Sea. 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, Netherlands, Ireland and Yemen.

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

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