DNO International ASA ("DNO") launches Open Market Partial Tender Offer for up to 54,500,000 of DNO common shares

DNO today launches an open market partial tender offer (the "Offer") for DNO
common shares with a total maximum of 54,500,000 shares. The Offer is based on
an authorization from DNO's Annual General Meeting to acquire up to 80 million
treasury shares.
Arctic Securities ASA is engaged by DNO as sole advisor and book runner to
advise on and to effectuate the Offer.
The Offer is carried out through a book building process. Arctic Securities will
gather and accumulate sales orders from existing shareholders. All existing
shareholders are invited to offer a certain number of shares at a price level
defined by the selling shareholder.
For all selling shareholders the purchasing price will be set at a level
representing a satisfactory price and offering volume, up to the maximum amount
of 54,500,000 shares. The purchasing price will be identical for all selling
shareholders.
The book building process commences immediately, and will close no later than at
20:00 CET, 31 October 2011. Book building can be closed earlier or extended at
the Company's own discretion, but the book building will in any event not close
prior to 19:00 CET on 31 October 2011. Pricing and allocation will follow
shortly thereafter. The trade date will be 1 November 2011, and settlement will
take place on 4 November 2011. DNO reserves its right to terminate the Offer or
make any amendments with regard to the volume of the Offer.
For shareholders wishing to participate in the Offer, please contact Arctic
Securities ASA on the following contact details:
Arne Wenger
Arctic Securities ASA
Phone: +47 21 01 31 16
Mobile: +47 48 40 31 16
E-mail: arne.wenger@arcticsec.no

For further information about the Offer, please contact:
Financial Market:
Chief Financial Officer Haakon Sandborg
Phone: +47 23 23 84 80
Media:
Communication Director Tom Bratlie
Phone: +47 905 21 904

This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)






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Source: DNO International ASA via Thomson Reuters ONE

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Unternehmen: DNO International ASA - ISIN: NO0003921009