DNO ASA: Mandatory Notification of Trade

Oslo, 19 January 2016 - DNO ASA, the Norwegian oil and gas operator, has on 18
January 2016 purchased 500,000 own shares at an average price of NOK 4.3436 per
share.

The purchase is part of the share buyback program announced on 15 December 2015.

Following this transaction DNO holds 7,200,000 own shares.

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For further information, please contact:
Media: media@dno.no
Investors: investor.relations@dno.no
Tel: +47 911 57 197

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DNO ASA is a Norwegian oil and gas operator focused on the Middle East and North
Africa. 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, Yemen, Oman, the
United Arab Emirates, Tunisia and Somaliland.

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


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