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Regulatory press release

DNO: DNO Shares Traded Ex-Dividend

DNO
Oslo, 24 May 2023 - DNO ASA, the Norwegian oil and gas operator, today announced
that the Company's shares will be traded ex-dividend effective 24 May 2023.

A dividend payment of NOK 0.25 per share will be made on or about 2 June 2023 to
all shareholders of record as of 25 May 2023.

-

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 section
5-12 of the Norwegian Securities Trading Act and section 4.2.5.3 of Euronext
Oslo Rulebook II.
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