ACQUISITION CLOSED

The acquisition of the business of Stargen Inc was closed late Friday February 23rd as all buyer`s and seller`s closing conditions have been met. The final number of Dolphin shares to be issued is 2.530.769, whilst a total of 900 000 warrants will be issued to former Stargen employees. A prospectus will be filed with the Oslo Stock Exchange today. After the transfer of the new shares, former Stargen owners will hold 22% of outstanding shares in Dolphin.

About Us

Dolphin Group ASA is the Parent company of Dolphin Geophysical AS, a global full-range, asset light supplier of marine Geophysical services. Dolphin operates a fleet of new generation, high-capacity seismic vessels and offers contract seismic surveys, Multi-Client projects and processing services on a worldwide basis. Dolphin Group ASA is listed at Oslo Stock Exchange (OSE ticker: DOLP).

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