DNO ASA: Notification - Holding of Synthetic Shares

Oslo, 21 August 2015 - DNO ASA ("DNO") announces that on 21 August 2015 the
following primary insiders have acquired synthetic shares in DNO under the
Employee Share Saving Scheme (the "Scheme") at a price of NOK 5.42 per synthetic
share based on the closing price on 20 August 2015:


+--------------+---------------+--------------+-----------------+--------------+
|Name |Position  |Synthetic |Total number of |Total holding |
| | |shares |sold/settled |of synthetic |
| | |purchased |synthetic shares |shares |
+--------------+---------------+--------------+-----------------+--------------+
|Anita Hjerkinn|Director Human | 1 613|  | 21 055|
|Aarnæs |Resources | | | |
+--------------+---------------+--------------+-----------------+--------------+
|Daljit Gill |General Manager| 1|  | 25 618|
| |Kurdistan | | | |
+--------------+---------------+--------------+-----------------+--------------+
|Kathrine |Group | 554|  | 1 293|
|Heiersjø |Controller | | | |
+--------------+---------------+--------------+-----------------+--------------+
|Amzy Hibler |Deputy Chief | 5 702|  | 12 596|
| |Financial | | | |
| |Officer | | | |
+--------------+---------------+--------------+-----------------+--------------+
|Scott North |General Manager| 6 675|  | 30 243|
| |Yemen | | | |
+--------------+---------------+--------------+-----------------+--------------+
|Michel Pick |General Manager| 7 795|  | 40 184|
| |Tunisia | | | |
+--------------+---------------+--------------+-----------------+--------------+
|Jeroen Regtien|Chief Operating| 9 745|  | 13 233|
| |Officer | | | |
+--------------+---------------+--------------+-----------------+--------------+
|Haakon |Chief Financial| 2 766|  | 18 662|
|Sandborg |Officer | | | |
+--------------+---------------+--------------+-----------------+--------------+
|Aslak |Director of | 4 033|  | 8 364|
|Steinsvik |Corporate | | | |
| |Services | | | |
+--------------+---------------+--------------+-----------------+--------------+
|Per Øyvind |Group Finance | 2 765|  | 13 456|
|Stene |Manager | | | |
+--------------+---------------+--------------+-----------------+--------------+
|David Thorpe |General Manager| 4 492|  | 21 061|
| |Ras Al Khaimah | | | |
+--------------+---------------+--------------+-----------------+--------------+
|Claes Åbyholm |General Counsel| 4 148|  | 6 111|
+--------------+---------------+--------------+-----------------+--------------+

Note that the total holding of synthetic shares in the Scheme includes bonuses
awarded as contribution to the Scheme and matching synthetic shares.

--

Oslo, 21 August 2015

DNO ASA
This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.


[HUG#1946871]