DNO ASA - Mandatory notification of trade

Purchase of treasury shares
On July 17, 2006, DNO ASA extended an American call option contract on 40.000.000 DNO ASA shares with a strike of NOK 2,50 per share. The new expiry date is October 16, 2006 and the option premium paid is NOK 0,0578.
Following this transaction, DNO ASA holds 16.983.960 treasury shares. In addition, DNO ASA holds options for purchase of 80.000.000 DNO shares.
July 18th, 2006