Response to announcement made by DNO ASA

Genel Energy plc has rejected an unsolicited proposal from DNO ASA for a possible offer to acquire the entire issued share capital of Genel at 69 pence per share, believing the offer fundamentally undervalues the company. Genel shareholders are advised to take no action. DNO must announce a firm intention to make an offer or withdraw by 5:00 pm on September 4th. This comes as Genel is proceeding with its recommended cash offer for Capricorn Energy plc, with shareholder meetings scheduled for August 18th. As of the announcement date, Genel has 279,402,863 ordinary shares in issue.