DNO International ASA - Offer to Purchase DNO's Shares in Det norske oljeselskap ASA

With reference to previous stock exchange notice on the above subject, DNO has received a new offer from a financial broker house on behalf of financial investors. The offer was guaranteed by the broker house.
 
The offer was for 17 million DETNOR shares (30%) at NOK 30 per share with a very short acceptance period.
 
As DNO is in the process of evaluating strategic options with our financial advisor Scotia Capital Inc., and since the identity of the financial purchasers was unknown, DNO has not considered the offer.
 
 
The Board of DNO International ASA
18 December, 2008