DNO International ASA - Mandatory Notification of Trade

On 26 February, 2009, DNO International ASA exercised a call option to purchase 40.000.000 DNO shares at a price of NOK 4,00 per share.
 
DNO simultaneously sold 40.000.000 DNO shares at a price of NOK 4,30 per share.
 
DNO further purchased an American call option for 40.000.000 DNO shares at a strike of NOK 2,00 per share, with an option premium of NOK 2,4452 per share and expiry date 27 April, 2009.
 
DNO also issued a European put option for 40.000.000 DNO shares at a strike of NOK 2,00 per share, with an option premium of NOK 0,10 per share and expiry date 27 April, 2009.
 
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
26 February, 2009