DNO International ASA - Subscription results for DNO International ASA's change of currency offering

Tuesday, 09. December 2008 08:45
Reference is made to earlier notification dated November 28, 2008
regarding voluntary change of currency offer for holders of DNO06,
DNO07 and DNO08 bond issues.

At the end of the offering period, the advisor had registered orders
with a total value of NOK 981.5 million.

For the DNO06 a total of NOK 294 million out of NOK 580 million has
accepted the offer.

For the DNO07 a total of NOK 438.5 million out of NOK 620 million has
accepted the offer.

For the DNO08 a total of NOK 249 million out of NOK 300 million has
accepted the offer.

The change of currency offer was calculated based on a USD/NOK
exchange rate of 7.0546. The fixed coupon for DNO07 was fixed at
6.445 per cent.

Fearnley Fonds ASA is acting as financial advisor to DNO
International ASA in connection with the Offer.

DNO International ASA
9 December 2008

Contact information:

Haakon Sandborg, CFO
Tel.: +47 23 23 84 80

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