NEW HEADS OF AGREEMENTS AND CONTEMPLATED PRIVATE PLACEMENT
Oslo, Norway, 13 February 2013 - Dolphin Group ASA (OSE:DOLP)Dolphin Group ASA ("Dolphin") today announces that it has entered into two new heads of agreements with GC Rieber Shipping for two high-end 3D seismic vessels. At the same time, Dolphin announces that it intends to redeliver Artemis Arctic following the expiration of the fixed contract term. Combined with the recent redelivery of Polar Explorer, this confirms Dolphin's strategy to operate a fleet of high-end modern 3D vessels.The first vessel, Geo Atlantic, is an existing 3D seismic vessel built in 2002 which will be upgraded