Oslo - DNO ASA, the Norwegian oil and gas operator, has completed cancellation of USD 25,431,004 in DNO03 bonds (ISIN: NO0010852643). Following cancellation, the outstanding amount of the DNO03 bond is USD 150,727,996.

Contact:

Media

E: media@dno.no

Investors

E: investor.relations@dno.no

DNO ASA is a Norwegian oil and gas operator focused on the Middle East and the North Sea. Founded in 1971 and listed on the Oslo Stock Exchange, the Company holds stakes in onshore and offshore licenses at various stages of exploration, development and production in the Kurdistan region of Iraq, Norway, the United

Contact:

Kingdom, Netherlands and Yemen.

Oslo Headquarters

DNO ASA

Dokkveien 1, 0250 Oslo

P.O. Box 1345 Vika, 0113 Oslo

Norway

E-mail: dno@dno.no

Phone: +47 23 23 84 80

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