Exercise of call option for bond loan DETNOR01

Det norske oljeselskap ASA (DETNOR) has notified Norsk Tillitsmann that the Company is exercising its call option for Bond issue DETNOR01 (ISIN NO 001059878.2) of NOK 600 million. The entire Bond will be repaid at 104.00 per cent of par value (plus accrued interest). Settlement date is expected to be on November 4, 2014.

Contact:
Investor Relations Manager, Jonas Gamre, tel.: +47 971 18 292