FOURTH QUARTER AND PRELIMINARY 2006 RESULTS

Operating revenues reached 4.3 million in the 4th quarter 2006, down from 7 million in the 4th quarter 2005. EBITDA ended at -5.3 million as compared to -1.9 million in the 4th quarter 2005. Sales are weak in the 4th quarter due to some delays in shipping of SuperSockets, but major progress with significant server and database vendors bodes well for the coming periods.

Further highlights include: Dolphin expands by merger with StarGen Inc New product line will be introduced based on enhanced PCI Express technology and proven Dolphin software for embedded and server clustering PCI Express technology opens new business areas in embedded system design, IO expansion, remote IO, storage, blade system IO and IO virtualization New opportunities for Dolphin as MySQL wins foothold in Telecom and Web Server areas The NumaChip project roadmap is finalized, total development cost estimates lowered Project team strengthened by key personnel from P2S and Dolphin Express project Design wins for the embedded area

Analyst presentation will be held at 08:30 at Felix Conference Center this morning.

For further information, please contact
Kåre Løchsen, CEO: 23 16 71 85/95 08 87 31 or
Alex Gundersen, CFO 23 16 70 08/41 47 41 07
Or see www.dolphinics.com

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).