Rights Issue: Last day of trading in Subscription Rights

This article originates from the news archive of Det norske.

24. July 2014

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL

Reference is made to the previous announcements by Det norske oljeselskap in respect of the rights issue of 61,911,239 new shares (the “Rights Issue”).

The period for trading in subscription rights (DETNOR T) for the Rights Issue expires today, 24 July 2014 at 16:30 hours (CET).

Subscription rights for participation in the Rights Issue can be exercised during the on-going subscription period, which will expire on 29 July 2014 at 16:30 hours (CET).

Subscription rights that are not used to subscribe for new shares before the expiry of the subscription period (29 July at 16:30 hours (CET)) or that are not sold before 24 July 2014 at 16:30 hours (CET) will have no value and will lapse without compensation to the holder.

For more information, please refer to the prospectus for the Rights Issue dated 9 July 2014.