DNO International ASA - Press Release from Oslo...

("DNO" or "the Company")


Reference is made to a press release issued today by the Oslo Stock
Exchange (OSE) concerning a decision by the board of OSE to impose
certain penalty payments on DNO, due to an alleged breach of its
obligations to release information to the market.

The alleged breach of such obligations to release information to the
market is according to OSE related to DNO's sale of 43,873,960
treasure shares on 10 October, 2008. Prior to the sale of the
treasury shares, DNO searched potential buyers both through direct
and indirect contact. The sale of the shares was as required under
applicable regulations reported immediately to the market on 10
October, 2008. The shares sold by DNO were held under a UK nominee
account and the beneficiary ownership of the shares was at the time
not known to the Company.

DNO had no knowledge of the beneficiary of the shares until the
Company was advised by Genel Enerji, and the disclosure from DNO on 6
April 2009 confirming Genel's ownership was made in order to satisfy
OSE request the make such disclosure, although it is DNO's firm
opinion that this was not required.

DNO has consistently provided all relevant information to OSE during
the process and has not withheld any such information. DNO disagrees
strongly with the allegation by OSE that the Company has delayed the
process in this matter.

DNO firmly rejects the basis for the decision made by OSE and will
appeal the decision to the relevant OSE authority body (
"Børsklagenemmda" ).

DNO International ASA
18 June, 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.