Oslo, 12 February 2016 - DNO ASA ("DNO") announces that on 12 February 2016 the following primary insiders have acquired synthetic shares in DNO under the Employee Share Saving Scheme (the "Scheme") at a price of NOK 4.12 per synthetic share based on the closing price on 11 February 2016:
| Name | Title | Synthetic shares Purchased | Total no of sold/settled synthetic shares | Total holding of synthetic shares |
| Scott North | General Manager Yemen | 9 727 | - | 49 851 |
| Michel Pick | General Manager Tunisia | 11 306 | - | 77 935 |
| Jeroen Regtien | Chief Operating Officer | 14 185 | - | 36 821 |
| Haakon Sandborg | Chief Financial Officer | 3 638 | - | 27 071 |
| David Thorpe | General Manager Ras Al Khaimah | 4 134 | - | 29 334 |
| Steven van Rossem | General Manager Oman | 15 607 | - | 19 056 |
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, 12, February 2016
DNO ASA
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.