DNO International ASA has sold its holdings in Det norske oljeselskap ASA for NOK 521 million

DNO International ASA ("DNO") has sold all its 12,954,478 shares in Det norske oljeselskap ASA to Aker Capital AS, a wholly owned subsidiary of Aker ASA, at an agreed price of NOK 40.25 per share. The number of shares represents an 11.66% ownership in Det norske oljeselskap ASA. As a result of this transaction, DNO no longer holds shares in Det norske oljeselskap ASA.

The proceeds are NOK 521 million. An accounting gain of around NOK 255 million from this transaction will be recorded in the third quarter of 2011.

Oslo, 17 August 2011

DNO International ASA
Corporate Communications

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.