DNO ASA: Notification - Holding of Synthetic Shares

Oslo, 6 November 2015 - DNO ASA ("DNO") announces that on 6 November 2015 the following primary insiders have acquired synthetic shares in DNO under the Employee Share Saving Scheme (the "Scheme") at a price of NOK 6.16 per synthetic share based on the closing price on 5 November 2015: 

Name Title Synthetic shares purchased Total number of sold/settled synthetic shares Total holding of synthetic shares
Scott North General Manager Yemen   6 176   -    38 572  
Michel Pick General Manager Tunisia   21 217   -    64 499  
Jeroen Regtien Chief Operating Officer   9 403   -    22 636
Haakon Sandborg Chief Financial Officer   2 434   -    22 492
David Thorpe General Manager Ras Al Khaimah   4 139   -   25 200
Claes Ã…byholm General Counsel   3 651   -    9 762
Steven van Rossem General Manager Oman    3 449     -    3 449  

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

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Oslo, 6 November 2015

DNO ASA

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