Cancellation of Bond Loan

Reference is made to DNO's stock exchange notification dated 25 August 2011, concerning buyback of USD 300,000 in bonds in DNO12 PRO (ISIN NO0010478027).

Following this transaction, there are no remaining outstanding bonds in this bond loan and the loan has now been cancelled.

Oslo, 29 August 2011

DNO International ASA
Corporate Communications

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