DNO acquires 100% of Irish oil company

Reference is made to our notifications of 1 October and 11 October 2002 in which DNO announced its takeover of 85.5 per cent of Ireland Petroleum Development Limited (IPDL).
DNO now has taken over the remaining 14.5 per cent of IPDL. Part of the settlement for the acquisition of this shareholding consists of 289,642 DNO shares, which will be covered by the company's holding of own shares.
DNO's holding of own shares after the above transaction is 1,071,740.