Dno To Prepare For Commencement Of Oil Exports Through Iraq-Türkiye Pipeline On Sept 27

Dno ASA DNO:

• HAS BEEN INSTRUCTED TO PREPARE FOR COMMENCEMENT OF OIL EXPORTS THROUGH IRAQ-TÜRKIYE PIPELINE ON 27 SEPTEMBER 2025

• AGREEMENTS REACHED BETWEEN FEDERAL GOVERNMENT OF IRAQ, KURDISTAN REGIONAL GOVERNMENT AND A GROUP OF INTERNATIONAL OIL COMPANIES

• WILL DELIVER KURDISTAN REGIONAL GOVERNMENT'S SHARE OF SALES FROM TAWKE LICENSE, CURRENTLY AVERAGING 38,000 BARRELS A DAY, FOR EXPORT

• BALANCE OF OIL WILL CONTINUE TO BE SOLD TO LOCAL BUYERS UNDER EXISTING CONTRACTS.

• WILL CONTINUE TO SELL OIL ON MONTHLY, CASH-AND-CARRY, BASIS TO BUYERS AT PER BARREL PRICE IN LOW USD 30S