DNO International ASA - Clarification to 2008 A...

("DNO" or "the Company")


Reference is made to DNO's 2008 Annual Report, Note 27 and to
articles in Norwegian media today regarding the proceeds from the
sale of treasury shares on 10 October 2008.

This note describes the consideration received from the sale of
43.873.960 treasury shares at a price of NOK 4 per share on 10
October 2008. The sale contributed with NOK 175.3 million net after
standard broker fees paid to our Norwegian broker.

The shares were registered in two separate VPS accounts, and two
sales notes were issued for NOK 169.7 million and NOK 5.7 million,
respectively. Unfortunately the information in note 27 to the 2008
Annual Report for 2008 by an error only reflected the first sales
note of approximately NOK 170 million. The correct figure for the
information in note 27 is NOK 175.3 million.

In the 2008 Annual Report, the sale of treasury shares has been
considered as an equity transaction, and has been accounted for
accordingly. NOK 175.3 million has been received by DNO and recorded
as cash with a corresponding entry to equity.

Although this is a minor correction which under normal circumstances
would not call for a separate disclosure, DNO finds it appropriate to
report it to avoid further incorrect media speculation.


DNO International ASA
21 September, 2009


Contact:

Media:
Helge Eide, MD DNO International ASA   Telephone:    [phone]
Ketil Jørgensen, Crux Communication    Telephone     [phone]
(Norway)
Ben Willey, Buchanan Communications    Telephone:    [phone]
(UK)

Investor Relations:
Haakon Sandborg, CFO DNO International Telephone:    [phone]
ASA


This announcement was originally distributed by Hugin. The issuer is 
solely responsible for the content of this announcement.