Mandatory notification of trade and disclosure of large shareholding

10.01.2012  |  Globenewswire Europe

RAK Petroleum Public Company Limited ("RAK") has on 10th January 2012 received
153,422,343 consideration shares in DNO International ASA ("DNO") as a result of
the completion of the merger between RAK's wholly owned subsidiary NORAK
Holdings AS and DNO's wholly owned subsidiary DNO Mena AS.

The transaction values RAK's MENA operating subsidiaries at USD 250 million
(before working capital adjustments ) and DNO at USD 1.64 million, corresponding
to NOK 9.50 per DNO Share. As a result of the completion of the merger, RAK's
holding of shares in DNO has crossed the 1/3 disclosure threshold.

Following the completion of the merger, RAK holds 438,379,418 ordinary shares in
DNO, representing 42.8% of the shares and votes in DNO on an undiluted basis
(based on a total of 1,023,279,255 shares outstanding).

Oslo/Ras Al Khaimah, 10 January 2012

RAK Petroleum Public Company Limited

This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.








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Source: DNO International ASA via Thomson Reuters ONE

[HUG#1576294]


Unternehmen: DNO International ASA - ISIN: NO0003921009