NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE
UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR
RELEASE WOULD BE UNLAWFUL
Reference is made to the previous announcements by Det norske
oljeselskap (the "Company") in respect of the rights issue of 61,911,239
new shares in the Company (the "Rights Issue").
The period for trading in subscription rights (DETNOR T) for the Rights
Issue expires today, 24 July 2014 at 16:30 hours (CET).
Subscription rights for participation in the Rights Issue can be
exercised during the on-going subscription period, which will expire on
29 July 2014 at 16:30 hours (CET).
Subscription rights that are not used to subscribe for new shares before
the expiry of the subscription period (29 July at 16:30 hours (CET)) or
that are not sold before 24 July 2014 at 16:30 hours (CET) will have no
value and will lapse without compensation to the holder.
For more information, please refer to the prospectus for the Rights
Issue dated 9 July 2014.
Investor contacts:
Jonas Gamre, Investor Relations Manager, tel.: +47 971 18 292
Håkon Høgetveit, Investor Relations, tel.: +47 476 29 348
***
This announcement is not for publication or distribution, directly or
indirectly, in the United States (including its territories and
possessions, any state of the United States and the District of
Columbia). This announcement does not constitute or form part of any
offer or solicitation to purchase or subscribe for securities in the
United States. Securities may not be offered or sold in the United
States absent registration or an exemption from registration. The
securities referred to herein have not been and will not be registered
under the U.S. Securities Act of 1933, as amended (the "U.S. Securities
Act"), or with any securities regulatory authority of any state or other
jurisdiction of the United States, and may not be offered or sold in the
United States or to, or for the account of, U.S. persons (as such term
is defined in Regulation S under the U.S. Securities Act), except
pursuant to an effective registration statement under, or an exemption
from the registration requirements of, the U.S. Securities Act. All
offers and sales outside the United States will be made in reliance on
Regulation S under the U.S. Securities Act. No public offering of
securities is being made in the United States.
About Det norske:
Det norske oljeselskap ASA (DETNOR) is an active exploration company on
the Norwegian Continental Shelf. Det norske's headquarters is in
Trondheim. The company also has offices in Oslo and Harstad. Det norske
is listed on the Oslo Stock Exchange with the ticker "DETNOR". More
about Det norske at www.detnor.no/en/
This information is subject to disclosure requirements pursuant to
section 5-12 of the Norwegian Securities Trading Act.