Transactions Under DNO's Share Buyback Program

DNO ASA

Oslo, 27 February 2023 – DNO ASA, the Norwegian oil and gas operator, today reported the below transactions made under the Company’s share buyback program, which commenced 9 December 2022 and will end no later than 30 April 2023. For further information regarding the program, please see the Company’s stock exchange notification from 8 December 2022.

Overview of transactions:

Date	Aggregate daily volume (number of shares)	Weighted average share price (NOK)	Total transaction value (NOK)
20.2.2023	560,000	11.6483	6,523,048
21.2.2023	600,000	11.6021	6,961,260
22.2.2023	1,020,000	11.3776	11,605,152
23.2.2023	720,000	11.5870	8,342,640
24.2.2023	660,000	11.7729	7,770,114
Previously disclosed buyback under the Program (accumulated)	36,082,348	12.2058	440,414,973
Accumulated buyback under the Program	39,642,348	12.1491	481,617,187

Following the above transactions, the Company owns a total of 65,911,531 own shares, corresponding to 6.25 percent of its share capital.

An overview of all the completed transactions under the program for the dates specified above is attached to this notification and available on www.newsweb.no.

-

For further information, please contact:
Media: media@dno.no
Investors: investor.relations@dno.no

-

DNO ASA is a Norwegian oil and gas operator active in the Middle East, the North Sea and West Africa. Founded in 1971 and listed on the Oslo Stock Exchange, the Company holds stakes in onshore and offshore licenses at various stages of exploration, development and production in the Kurdistan region of Iraq, Norway, the United Kingdom, Côte d'Ivoire, Netherlands and Yemen.

This information is subject to the disclosure requirements pursuant to §5-12 of the Norwegian Securities Trading Act and the EU Market Abuse Regulation.

Attachments

• DNO Share Buyback Individual Transaction Overview - 27022023

• Release