DNO ASA – Key information relating to partial redemption of bond loan

Please see the following key information regarding partial redemption of DNO ASA's bond loan with ISIN NO0010852643 (the "Bond Loan"):

Issuer: DNO ASA
ISIN of bond loan: NO0010852643
Date of redemption: 30 May 2022
Record date: 25 May 2022
Redemption amount: USD 200 million
Outstanding loan amount after redemption: USD 176,159,000
Redemption price: 103.35% of the Nominal Amount, plus accrued interest.

Other information: DNO ASA currently owns bonds issued under the Bond Loan in an amount of USD 23,841,000, all of which will be cancelled before the partial redemption of the Bond Loan is carried out.

This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act. This announcement was published by Jostein Løvås, Communication Manager, DNO ASA on 11 May 2022 at 16:00 CEST.