Dolphin Drilling: Blackford Dolphin – termination of contract with GHL

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Oslo, 30 April 2024: Dolphin Drilling AS (the "Company") (ticker code: DDRIL), today announces issuance of notice of termination to General Hydrocarbons Limited (“GHL”).

Reference is made to the press release dated 26 March 2024 concerning the agreement reached between the Company and General Hydrocarbons Limited (‘GHL’) in relation to past due payment amounts and remaining work under the drilling contract for the Blackford Dolphin. Reference is also made to the trading update announced by the Company on 10 April 2024, and the announcement released by the Company yesterday in relation to the expected credit loss against sums due from one customer of USD 42.6 million.

The terms for payment under the agreement with GHL have not been met, and the Company therefore confirms that it has, in accordance with the agreement, today issued a notice of termination to GHL. The Company will now prepare the Blackford Dolphin for transit to India in the near term and intends to pursue the recovery of sums remaining due by GHL. Any further information will be provided in due course.

For further information, please contact:

Ingolf Gillesdal, Corporate Finance and Investor Relations, tel: +47 920 45 320

Stephen Cox, CFO, tel: +44 7800 612 130

This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to section 5-12 the Norwegian Securities Trading Act.

This stock exchange announcement was published by Ingolf Gillesdal, VP Corporate Finance and Investor Relations Dolphin Drilling AS on 30 April 2024 at 01:20 CET on behalf of the Company.