Bond financing

With 21 bond issues since 2001, DNO has a flawless track record with no waivers, no amendments and early repayments. The table below includes key information for bonds currently outstanding.

Ticker	DNO05	DNO06	DNO07
ISIN:	NO0013243766	NO0013511113	NO0013582627
Status and type:	Senior unsecured bonds	Senior unsecured bonds	Subordinated hybrid bonds
Issuer:	DNO ASA	DNO ASA	DNO ASA
Issue date:	4 June 2024	27 March 2025	17 June 2025
Maturity:	4 June 2029	27 March 2030	17 June 2085
Issue amount:	USD 400 million	USD 600 million	USD 400 million
Interest rate:	9.25 percent fixed, quarterly payments	8.5 percent fixed, quarterly payments	10.75 percent fixed, quarterly payments
Interest step-up:	N/A	N/A	5.0 percentage points after six years (June 2031)
Financial maintenance covenants (DNO Group):	i) Minimum liquidity of USD 40 million ii) Minimum equity ratio of 30 percent or minimum total equity of USD 600 million	i) Minimum liquidity of USD 40 million ii) Minimum equity ratio of 30 percent or minimum total equity of USD 600 million	N/A
Call option:	Callable at a premium from 4 June 2027 and until maturity (American call options)	Callable at a premium from 27 March 2028 and until maturity (American call options)	Callable at par value from 17 December 2030 until 17 June 2031 and on each payment date thereafter
Trustee:	Nordic Trustee	Nordic Trustee	Nordic Trustee
Paying agent:	Pareto Securities	Pareto Securities	Pareto Securities
Listed on Oslo Stock Exchange:	8 November 2024	4 July 2025	24 October 2025
Prospectus documents:	Bond Registration Document Bond Securities Note Bond Summary	Supplement to Bond Registration Document Bond Securities Note Bond Summary	Supplement to Bond Registration Document Bond Securities Note Bond Summary