DNO International ASA - Subscription results for DNO International ASA's change of currency offering

Reference is made to earlier notification dated November 28, 2008 regarding voluntary change of currency offer for holders of DNO06, DNO07 and DNO08 bond issues. 
 
At the end of the offering period, the advisor had registered orders with a total value of NOK 981.5 million. 
 
For the DNO06 a total of NOK 294 million out of NOK 580 million has accepted the offer.
 
For the DNO07 a total of NOK 438.5 million out of NOK 620 million has accepted the offer.
 
For the DNO08 a total of NOK 249 million out of NOK 300 million has accepted the offer.
 
The change of currency offer was calculated based on a USD/NOK exchange rate of 7.0546. The fixed coupon for DNO07 was fixed at 6.445 per cent.
 
Fearnley Fonds ASA is acting as financial advisor to DNO International ASA in connection with the Offer.
 
 
DNO International ASA
9 December 2008
 
Contact information:
 
Haakon Sandborg, CFO
Tel.: +47 23 23 84 80