DNO ASA: Mandatory Notification of Trade

Oslo, 22 August 2014- DNO ASA ("DNO") announces that on 22 August 2014 the following primary insiders have acquired synthetic shares in DNO under the Employee Share Saving Scheme (the "Scheme") at a price of NOK 15.17 per synthetic share based on the closing price on 21 August 2014:

Name Position                    Synthetic shares purchased Total holding of synthetic shares
Anita Hjerkinn Aarnæs Director Human Resources 1974 11000
Nicholas Atencio VP Corporate Controls and Chief Risk Officer 2264 9542
Christian Dalby Senior Legal Counsel & Corporate Secretary 357 2399
Bjørn Dale President and Managing Director 2266 12503
Daljit Gill General Manager Kurdistan 1920 15165
Oliver Girardot Advisor to the President and Managing Director 1169 7115
Tore Lilloe-Olsen VP Exploration 1136 1136
Ståle Monstad Director Subsurface 1889 7430
Trond Myrseth VP Operations 2191 12738
Scott North General Manager Yemen 1614 10050
Michel Pick General Manager Tunisia 2529 13156
Haakon Sandborg VP Chief Financial Officer 990 6021
Per Øyvind Stene Corporate Financial Controller 1058 5175
Andreas Strand Advisor to the President and Managing Director 1127 2803

Oslo, 22. August 2014

Corporate Communications

This information is subject to disclosure pursuant to section 5-12 of the Norwegian Securities Trading Act.