Proposed amendments to DETNOR02 Bond Agreement approved

Reference is made to the stock exchange notice from Det norske oljeselskap ASA («Det norske» or «the company») on 11 May 2016 concerning the summons to a bondholders’ meeting in the DETNOR02 bond loan to request certain amendments to the bond agreement.

The bondholders’ meeting in DETNOR02 has now been held. The requested amendments to the loan agreement were approved in accordance with the proposal made by the company in the summons. The proposed resolution obtained 99.71% of the votes.

The effective date of the new loan agreement is 27 May 2016. The notice from bondholders’ meeting is attached in this stock exchange notice.