Unsecured bond

Det norske oljeselskap ASA is contemplating a senior unsecured bond issue with maturity in January 2016 directed towards Norwegian and international investors. The net proceeds from the issue will be used for general corporate purposes. The contemplated bond issue will have minimum issue amount of NOK 400 million and a borrowing limit of NOK 600 million.

DnB NOR Markets, First Securities, Pareto Securities and Sparebank 1 Markets v/ Argo Securities are mandated as joint lead arrangers of the contemplated bond issue.

NOT FOR DISTRIBUTION IN THE UNITED STATES

The information in this announcement is subject to the disclosure requirements of the Norwegian Securities Trading Act section 5-12