DNO ASA: Notification - Holding of Synthetic Shares

DNO ASA ("DNO") announces that on 7 May 2015 the following primary insiders have
acquired synthetic shares in DNO under the Employee Share Saving Scheme (the
"Scheme") at a price of NOK 10.17 per synthetic share based on the closing price
on 6 May 2015:

+--------------+---------------+--------------+-----------------+--------------+
|Name |Position  |Synthetic |Total number of |Total holding |
| | |shares |sold/settled |of synthetic |
| | |purchased |synthetic shares |shares |
+--------------+---------------+--------------+-----------------+--------------+
|Anita Hjerkinn|Director Human | 1| 2 600| 18 233|
|Aarnæs |Resources | | | |
+--------------+---------------+--------------+-----------------+--------------+
|Bjørn Dale |President and | 1 619|  | 28 198|
| |Managing | | | |
| |Director | | | |
+--------------+---------------+--------------+-----------------+--------------+
|Daljit Gill |General Manager| 2 704| 5 443| 23 002|
| |Kurdistan | | | |
+--------------+---------------+--------------+-----------------+--------------+
|Kathrine |Group | 590|  | 739|
|Heiersjø |Controller | | | |
+--------------+---------------+--------------+-----------------+--------------+
|Amzy Hibler |Deputy Chief | 3 041|  | 6 894|
| |Financial | | | |
| |Officer | | | |
+--------------+---------------+--------------+-----------------+--------------+
|Scott North |General Manager| 3 410|  | 21 586|
| |Yemen | | | |
+--------------+---------------+--------------+-----------------+--------------+
|Michel Pick |General Manager| 4 164|  | 29 509|
| |Tunisia | | | |
+--------------+---------------+--------------+-----------------+--------------+
|Jeroen Regtien|Chief Operating| 3 488|  | 3 488|
| |Officer | | | |
+--------------+---------------+--------------+-----------------+--------------+
|Haakon |Chief Financial| 1 475|  | 14 566|
|Sandborg |Officer | | | |
+--------------+---------------+--------------+-----------------+--------------+
|Per Øyvind |Group Finance | 1 475|  | 9 542|
|Stene |Manager | | | |
+--------------+---------------+--------------+-----------------+--------------+
|David Thorpe |General Manager| 3 131|  | 16 569|
| |Ras Al Khaimah | | | |
+--------------+---------------+--------------+-----------------+--------------+
|Claes Åbyholm |General Counsel| 1|  | 1 963|
+--------------+---------------+--------------+-----------------+--------------+
|Aslak |Director | 2 151|  | 4331|
|Steinsvik |Corporate | | | |
| |Services | | | |
+--------------+---------------+--------------+-----------------+--------------+

Oslo, 7 May 2015

DNO ASA


[HUG#1919563]