DNO International ASA (OSL:DNO) - Offer To Purchase DNO's Shares In Det Norske Oljeselskap ASA

DNO International ASA (OSL:DNO) DNO International ASA

("DNO" or "the Company")

With reference to previous stock exchange notice on the above subject, DNO has received a new offer from a financial broker house on behalf of financial investors. The offer was guaranteed by the broker house.

The offer was for 17 million DETNOR shares (30%) at NOK 30 per share with a very short acceptance period.

As DNO is in the process of evaluating strategic options with our financial advisor Scotia Capital Inc., and since the identity of the financial purchasers was unknown, DNO has not considered the offer.

The Board of DNO International ASA 18 December, 2008



Contact:

Media: Helge Eide, Managing Director, DNO Telephone: +47 23 23 84 80 International ASA Telephone: +47 930 36 866 Ketil Jørgensen, Crux Communication (Norway) Ben Willey, Buchanan Communications (UK) Telephone: +44 207 466 5000

Investor Relations: Haakon Sandborg, CFO DNO International Telephone: +47 23 23 84 80 ASA

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

DNO International ASA

http://www.dno.no/

ISIN: NO0003921009

Stock Identifier: XOSL.DNO