DNO International ASA - Mandatory Notification of Trade

On 10 November, 2008, DNO extended an American call option contract on 16.000.000 DNO shares with a strike price of NOK 2,00 per share. The new expiry date is 15 December, 2008 and the option premium paid is NOK 0,0377.
DNO simultaneously exercised a call option to purchase 4.000.000 DNO shares at a strike price of NOK 2,00 per share.
Following these transactions, DNO holds 4.000.000 treasury shares. The Company holds options for purchase of 56.000.000 DNO shares.
DNO International ASA
11 November, 2008
This information is subject of the disclosure requirements acc. to ยง5-12 vphl (Norwegian Securities Trading Act)