Mandatory notification of trade

Gareth Williams, has February 27, sold 200 000 shares in Dolphin Group ASA at NOK 2.65 per share.

After this trade, Mr Williams will direct and indirect control 566 667 shares in Dolphin. In addition he holds 350 000 unexercised options, corresponding to 350 000 shares at the strike price of NOK 6.25.

This information is subject of the disclosure requirements

according to section 5-12 of the Norwegian Securities

Trading Act.

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

Dolphin Group ASA

Helsfyr Atrium

Innspurten 15

0663 OSLO, NORWAY

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).

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