Dividend distribution

Reference is made to the DNO ASA stock exchange notice dated October 25, 2005, concerning distribution of extraordinary dividend.
Based on resolution by the extraordinary general meeting in DNO ASA on October 25, 2005, the company has on November 7, 2005 distributed extraordinary dividend to its shareholders. The dividend distribution is 1 share in DNO ASA for each 20 shares held by the shareholder. Withholding tax has been deducted as applicable.
The DNO ASA shares have been distributed from the company's holding of treasury shares. In total, 10.011.306 treasury shares have thereby been distributed to DNO ASA shareholders.
Following the dividend distribution, DNO ASA holds 2.165.790 treasury shares. In addition, DNO ASA holds options for purchase of 20.000.000 DNO shares.