DNO ASA

Mandatory Notification of Trade

Oslo, 12 January 2016 - DNO ASA, the Norwegian oil and gas operator, has on 11 January 2016 purchased 1,000,000 own shares at an average price of NOK 5.2904 per share.

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

Following this transaction DNO holds 5,000,000 own shares.

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For further information, please contact:
Media: [e-mail]
Investors: [e-mail]
Tel: [phone]

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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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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: DNO ASA via Globenewswire

HUG#1978095