DNO International ASA - Mandatory Notification ...

DNO International ASA

("DNO" or "the Company")

Mandatory Notification of Trade


On 26 February, 2009, DNO International ASA exercised a call option
to purchase 40.000.000 DNO shares at a price of NOK 4,00 per share.

DNO simultaneously sold 40.000.000 DNO shares at a price of NOK 4,30
per share.

DNO further purchased an American call option for 40.000.000 DNO
shares at a strike of NOK 2,00 per share, with an option premium of
NOK 2,4452 per share and expiry date 27 April, 2009.

DNO also issued a European put option for 40.000.000 DNO shares at a
strike of NOK 2,00 per share, with an option premium of NOK 0,10 per
share and expiry date 27 April, 2009.

Following this transaction, DNO holds 4.000.000 treasury shares. The
Company holds options for purchase of 56.000.000 DNO shares.


DNO International ASA
26 February, 2009


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