DNO ASA: Notification - Holding of Synthetic Shares

Oslo, 21 August 2015 - DNO ASA ("DNO") announces that on 21 August 2015 the following primary insiders have acquired synthetic shares in DNO under the Employee Share Saving Scheme (the "Scheme") at a price of NOK 5.42 per synthetic share based on the closing price on 20 August 2015: 

Name Position  Synthetic shares purchased Total number of sold/settled synthetic shares Total holding of synthetic shares
Anita Hjerkinn Aarnæs Director Human Resources 1 613   21 055
Daljit Gill General Manager Kurdistan 1   25 618
Kathrine Heiersjø Group Controller 554   1 293
Amzy Hibler Deputy Chief Financial Officer 5 702   12 596
Scott North General Manager Yemen 6 675   30 243
Michel Pick General Manager Tunisia 7 795   40 184
Jeroen Regtien Chief Operating Officer 9 745   13 233
Haakon Sandborg Chief Financial Officer 2 766   18 662
Aslak Steinsvik Director of Corporate Services 4 033   8 364
Per Øyvind Stene Group Finance Manager 2 765   13 456
David Thorpe General Manager Ras Al Khaimah 4 492   21 061
Claes Åbyholm General Counsel 4 148   6 111

Note that the total holding of synthetic shares in the Scheme includes bonuses awarded as contribution to the Scheme and matching synthetic shares.

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Oslo, 21 August 2015

DNO ASA

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