Unsecured bond

Det norske oljeselskap ASA is contemplating a senior unsecured bond
issue with maturity in January 2016 directed towards Norwegian and
international investors. The net proceeds from the issue will be used
for general corporate purposes. The contemplated bond issue will have
minimum issue amount of NOK 400 million and a borrowing limit of NOK 600
million.

DnB NOR Markets, First Securities, Pareto Securities and Sparebank 1
Markets v/ Argo Securities are mandated as joint lead arrangers of the
contemplated bond issue.

NOT FOR DISTRIBUTION IN THE UNITED STATES

The information in this announcement is subject to the disclosure
requirements of the Norwegian Securities Trading Act section 5-12

Contacts:

Knut Evensen, VP Investor Relations, tel.: +47 950 77 622