DNO International ASA - Agreements - Sale of shares in Det norske oljeselskap ASA

Reference is made to the stock exchange release from DNO dated 13 October 2009, concerning a Share Purchase Agreement ("the Agreement") for sale of up to 6 million shares in Det norske oljeselskap ASA ("Detnor") to Aker ASA ("Aker").
 
Under the Agreement, DNO sold one million shares in Detnor to Aker with immediate completion. Completion of the sale of the remaining 5 million shares will be made today at the agreed price of NOK 49,90 per share.  Following this transaction, DNO's new shareholding in Detnor will be 9,231,255 shares, representing 14,22% of outstanding shares.
 
DNO International ASA
5 November, 2009