Dolphin Group ASA - Approved Prospectus

Reference is made to the private placement in Dolphin Group ASA (the “Company”) of 70,000,000 new shares directed towards professional Norwegian and international investors and primarily towards existing shareholders in the Company for gross proceeds of NOK 143,500,000 (the "Private Placement").

The Norwegian Financial Supervisory Authority (Nw. Finanstilsynet) has today approved the prospectus of the Company dated 12 June 2015, (the "Prospectus"), for the listing of the 70,000,000 new shares in the Company, each with a nominal value of NOK 2.00 issued in the Private Placement. Further information will be published in due course.

Arctic Securities AS has acted as Manager in connection with the Private Placement.

For further information, please contact:

Nina Midtlie, Group Financial Director
Mobile: +47 98 20 63 78
E-mail: nina.midtlie@dolphingeo.com

Erik Hokholt, CFO
Mobile: +47 90 75 60 64
E-mail: erik.hokholt@dolphingeo.com

Dolphin Group ASA
Helsfyr Atrium
Innspurten 15
0663 OSLO

Phone: +47 22 07 15 30
Fax: +47 22 07 15 31

www.dolphingeo.com

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).

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).