Reference is made to the notice of Extraordinary General Meeting (EGM) in DNO International ASA dated 28 September 2011. The EGM is scheduled for 1 November 2011 at 1:00 PM.
On 3 October 2011 the Board received a letter from Erik J. Frydenbø and Petrolia Invest AS where these two shareholders require new matters to be put on the agenda for the EGM. A copy of the letter is enclosed. The Board underlines that it does not support nor in any way take responsibility for the content or accusations and allegations against third party companies contained in this letter. Such responsibility lies solely with Erik J. Frydenbø and Petrolia Invest AS.
Still, in accordance with the obligations in § 5-11 of the Norwegian Public Limited Liability Companies Act, it is the Boards mandatory duty to add the following matters to the existing agenda for the EGM:
6. Investigation (as further explained in the enclosed letter)
7. Election of new members of the Board
8. Election of new Chairman of the Board
9. Election of new Deputy Chairman of the Board
An updated agenda is attached to this announcement.
Please find enclosed a new "Attendance Slip and Form of Proxy" where the new item 6 (Investigation) is included. With respect to the new matters 7-9, no new candidates to the Board are proposed by Erik J. Frydenbø and Petrolia Invest AS. For this reason it is not possible to include a vote in this respect on the Form of Proxy.
Oslo, 5 October 2011
DNO International ASA
For more information:
Communication Director Tom Bratlie
Phone: +47 905 21 904
CFO Haakon Sandborg
Phone: +47 23 23 84 80
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.