DNO International ASA - Extension of Option Contract

DNO International ASA
 
("DNO" or "the Company")
 
 
On 13 January, 2009, 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 23 February, 2009 and the option premium paid is NOK 0,0439.
 
Following this transaction, DNO holds 4.000.000 treasury shares. The Company holds options for purchase of 56.000.000 DNO shares.
 
 
DNO International ASA
14 January, 2009
 
 
This information is subject of the disclosure requirements acc. to ยง5-12 vphl (Norwegian Securities Trading Act)