Mandatory Notification of Trade

Reference is made to the stock exchange notice dated 18 November 2010 regarding
the completed private placement of 45 million new shares at a subscription price
of NOK 8.00 per share in DNO directed towards Norwegian and international
institutional investors.

RAK Petroleum PCL, represented on the Board of DNO, has been allocated
13 500 000 shares in this private placement. Following this transaction,
shareholdings in DNO International ASA controlled by RAK Petroleum PCL is
284 957 075 shares, representing 30% of total shares in the Company.

Companies controlled by Chairman of the Board of DNO, Berge Gerdt Larsen, has
been allocated 2 574 900 shares in this private placement. Following this
transaction, shareholdings in DNO International ASA controlled by the Chairman
is 29 789 821 shares, representing 3.14% of total shares in the Company.

Oslo, 18 November 2010

DNO International ASA
Corporate Communications

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


[HUG#1463653]








This announcement is distributed by Thomson Reuters on behalf of 
Thomson Reuters clients. The owner of this announcement warrants that: 
(i) the releases contained herein are protected by copyright and 
    other applicable laws; and 
(ii) they are solely responsible for the content, accuracy and 
     originality of the information contained therein. 
    
Source: DNO International ASA via Thomson Reuters ONE