RAK Petroleum Chairman Elected New Chairman of Norwegian Oil Producer DNO

OSLO, Norway, June 12, 2011 /PRNewswire/ –

Shareholders at the DNO International Annual General Meeting held today
in Oslo elected Bijan Mossavar-Rahmani as the company’s new Chairman. Mr.
Mossavar-Rahmani is Chairman of the Board and CEO of RAK Petroleum Public
Company Limited, the Middle East based independent oil and gas exploration
and production company, which is DNO International’s largest shareholder
with a 30 percent stake. Mr. Mossavar-Rahmani was elected to the board at an
Extraordinary General Meeting held on 10 March 2011.

Three other current directors, Gunnar Hirsti, Marit Instanes and Shelley
Watson, were also re-elected as directors and Karen Sund, Founder and
Chairman of Sund Energy AS, an Oslo-based energy consulting firm, was
elected as the only new independent director. Mr. Hirsti is the Company’s
new Deputy Chairman.

“DNO International has a solid foundation in assets and importantly, in
people,” said Mr. Mossavar-Rahmani. “We believed this as we acquired our
large position in the company and we believe it today as we take a more
active role, in collaboration with shareholders, directors and management,
to stabilise DNO International and then drive it to realise its full
potential,” he said.

“The operations group is first rate and the speed with which discoveries
have been brought on production is truly impressive,” said Mr.
Mossavar-Rahmani. But he emphasized the need to bring best practices to the
company in terms of governance, transparency, accountability, cost control
and regulatory compliance while improving its relationships with host
governments.

Mr. Mossavar-Rahmani acknowledged the service of the outgoing director.

About RAK Petroleum

RAK Petroleum Public Company Limited (http://www.rakpetroleum.ae) is
registered in the Free Trade Zone of the Emirate of Ras Al Khaimah and is
operator of seven blocks in the Sultanate of Oman and the United Arab
Emirates, of which one is in the production phase, three are in the
exploration phase and three are undergoing appraisal for possible
development/redevelopment.

RAK Petroleum also has a non-operating 30 percent interest in the
Hammamet Offshore license in the Republic of Tunisia and a 30 percent
shareholding in the publicly-traded Norwegian oil and gas company DNO
International ASA (http://www.dno.no), whose principal producing properties
are located in the Kurdistan Region of Iraq and the Republic of Yemen.

        For more information, please contact:
        Ms. Shelley Watson
        Group Commercial Director
        RAK Petroleum
        Dubai, UAE
        Tel: +971-4-293-2000

        Ms. Katherine Darcy
        Corporate Affairs Manager
        RAK Petroleum
        Dubai, UAE
        Tel: +971-4-293-2000