DNO International ASA - Mandatory Notification ...

On 10 November, 2008, DNO extended an American call option contract
on 16.000.000 DNO shares with a strike price of NOK 2,00 per share.
The new expiry date is 15 December, 2008 and the option premium paid
is NOK 0,0377.

DNO simultaneously exercised a call option to purchase 4.000.000 DNO
shares at a strike price of NOK 2,00 per share.

Following these transactions, DNO holds 4.000.000 treasury shares.
The Company holds options for purchase of 56.000.000 DNO shares.


DNO International ASA
11 November, 2008


This information is subject of the disclosure requirements acc. to
§5-12 vphl (Norwegian Securities Trading Act)


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