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:

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

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.

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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.

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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#2010104