DNO ASA: Notification - Holding of Synthetic Shares

Oslo, 5 May 2016 - DNO ASA ("DNO") announces that on 5 May 2016 the following primary insiders have acquired synthetic shares in DNO under the Employee Share Saving Scheme (the "Scheme") at a price of NOK 6.042 per synthetic share based on the closing price on 4 May 2016:
Name Title Synthetic shares Purchased Total no of sold/settled synthetic shares Total holding of synthetic shares
Claes Ã…byholm General Counsel 1 505  - 11 267
Haakon Sandborg Chief Financial Officer 2 482  -  39 706
James Edens Commercial Director 3 082  - 3 082
Jeroen Regtien Chief Operating Officer 7 070  -  43 891
Scott North General Manager Yemen 6 589  -  66 872
Steven van Rossem General Manager Oman 3 561  -  22 617

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, 5, May 2016

DNO ASA

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