DNO ASA: Notification - Holding of Synthetic Shares

Oslo, 5 May 2016 - DNO ASA ("DNO") announces that on 5 May 2016 the following
primary insiders have acquired synthetic shares in DNO under the Employee Share
Saving Scheme (the "Scheme") at a price of NOK 6.042 per synthetic share based
on the closing price on 4 May 2016:


+--------------+---------------+--------------+-----------------+--------------+
| | | Synthetic | Total no of |Total holding |
|Name | Title | shares | sold/settled | of synthetic |
| | | Purchased |synthetic shares | shares |
+--------------+---------------+--------------+-----------------+--------------+
|Claes Åbyholm |General Counsel|1 505 |  -| 11 267|
+--------------+---------------+--------------+-----------------+--------------+
|Haakon |Chief Financial| |  -|  39 706|
|Sandborg |Officer |2 482 | | |
+--------------+---------------+--------------+-----------------+--------------+
|James Edens |Commercial | |  -| 3 082|
| |Director |3 082 | | |
+--------------+---------------+--------------+-----------------+--------------+
|Jeroen Regtien|Chief Operating| |  -|  43 891|
| |Officer |7 070 | | |
+--------------+---------------+--------------+-----------------+--------------+
|Scott North |General Manager| |  -|  66 872|
| |Yemen |6 589 | | |
+--------------+---------------+--------------+-----------------+--------------+
|Steven van |General Manager| |  -|  22 617|
|Rossem |Oman |3 561 | | |
+--------------+---------------+--------------+-----------------+--------------+


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

--

Oslo, 5, May 2016

DNO ASA

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


[HUG#2010104]