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Dividend

In its annual dividend proposal, the Board of Directors will in addition to financial results, take into consideration DNO's investment plans and financial requirements related to the Company`s license portfolio.

The following table sets forth the most recent dividend paid per share:

  2005 2004
Dividend (NOK) 0.674 0.52

The dividends per share from 2004 have been adjusted for the share splits in June 2005 and June 2006.

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