DNO International ASA - Delayed final award with regards to arbitration proceedings

As previously reported to the market, DNO Iraq AS, a subsidiary of DNO International ASA, is involved in arbitration proceedings related to certain third party interests in Kurdistan.

Based on our best time estimate when releasing the first quarter results, DNO International communicated a possible conclusion in this matter by the end of May 2010. At present, no final award has been reached and no new information is received.

DNO International will publish updated information regarding the arbitration proceedings as soon as such information is available.

Oslo, 8 June 2010

DNO International ASA
Corporate Communications

This information is subject of the disclosure requirements acc. to ยง5-12 vphl (Norwegian Securities Trading Act)