DNO ASA - Correction of Market Presentation

Reference is made to DNO's notification to the Oslo Stock Exchange on 12 June 2007, regarding a private placement in DNO ASA's wholly owned subsidiary Det Norske Oljeselskap AS. The market presentation attached to this notification unfortunately contains inaccurate information on slide 30 (balance sheet numbers for Det Norske Oljeselskap AS). A corrected version of this slide is attached hereto. The corrections do not affect the cash balances or interest-bearing debt in Det Norske Oljeselskap AS  
19 June 2007