DNO International ASA - Mandatory Notification ...

("DNO" or "the Company")


On 25 June, 2009, DNO exercised a call option to purchase 40,000,000
DNO shares at a price of NOK 2.50 per share.
DNO simultaneously sold 40,000,000 DNO shares at a price of NOK 7.40
per share.

DNO further purchased an American call option for 40,000,000 DNO
shares at a strike of NOK 3.00 per share, with an option premium of
NOK 4.5532 per share and expiry date 26 August, 2009.

DNO also issued a European put option for 40,000,000 DNO shares at a
strike of NOK 3.00 per share, with an option premium of NOK 0.10 per
share and expiry date 26 August, 2009.

Following this transaction, DNO holds 10,000,000 treasury shares. The
Company also holds options for purchase of 40,000,000 DNO shares.


DNO International ASA
26 June, 2009


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