DNO International ASA - Mandatory Notification of Trade

On 14 April, 2009, DNO exercised a call option to purchase 16.000.000 DNO shares at a price of NOK 2,00 per share.
 
DNO simultaneously sold 16.000.000 DNO shares at a price of NOK 6,10 per share.
 
DNO further purchased an American call option for 16.000.000 DNO shares at a strike of NOK 2,50 per share, with an option premium of NOK 3,6542 per share and expiry date 2 June, 2009.
 
Following this transaction, DNO holds 4.000.000 treasury shares and options for purchase of 56.000.000 DNO shares.
 
 
DNO International ASA
15 April, 2009