DNO International ASA: SHARE BUYBACK PROGRAM INITIATED AND MANDATORY NOTIFICATION OF TRADE

DNO International ASA (DNO) has initiated a new share buyback program and on 13 July 2012 purchased 916,617 own shares at a price of NOK 7.137 per share.

The buyback program is pursuant to a shareholder vote at the Annual General Meeting of 11 June 2012 authorising DNO to purchase up to 100 million own shares.

The timing and volume of further share purchases will depend on market conditions.

Following this transaction, DNO holds 916,617 own shares.

Oslo, 16 July 2012

DNO International ASA
Corporate Communications

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