DNO ASA: Notification - Holding of Synthetic Shares

DNO ASA ("DNO") announces that on 7 May 2015 the following primary insiders have acquired synthetic shares in DNO under the Employee Share Saving Scheme (the "Scheme") at a price of NOK 10.17 per synthetic share based on the closing price on 6 May 2015:

Name Position  Synthetic shares purchased Total number of sold/settled synthetic shares Total holding of synthetic shares
Anita Hjerkinn Aarnæs Director Human Resources 1 2 600 18 233
Bjørn Dale President and Managing Director 1 619   28 198
Daljit Gill General Manager Kurdistan 2 704 5 443 23 002
Kathrine Heiersjø Group Controller 590   739
Amzy Hibler Deputy Chief Financial Officer 3 041   6 894
Scott North General Manager Yemen 3 410   21 586
Michel Pick General Manager Tunisia 4 164   29 509
Jeroen Regtien Chief Operating Officer 3 488   3 488
Haakon Sandborg Chief Financial Officer 1 475   14 566
Per Øyvind Stene Group Finance Manager 1 475   9 542
David Thorpe General Manager Ras Al Khaimah 3 131   16 569
Claes Åbyholm General Counsel 1   1 963
Aslak Steinsvik Director Corporate Services 2 151   4331

Oslo, 7 May 2015

DNO ASA