DNO International ASA - Extension of Option Contract

On 23 February, 2009, DNO extended an American call option contract on 16.000.000 DNO shares with a strike price of NOK 2,00 per share. The new expiry date is 14 April, 2009 and the option premium paid is NOK 0,0534.
Following this transaction, DNO holds 4.000.000 treasury shares. The Company holds options for purchase of 56.000.000 DNO shares.
DNO International ASA
24 February, 2009