Dolphin Drilling AS – Update on Blackford Dolphin

(Oslo, 22 July 2024) Dolphin Drilling AS (Dolphin Drilling, OSE: DDRIL) refers to the 1 July 2024 announcement regarding the submission of a bank guarantee in relation to the on going arbitration process with GHL.

Dolphin Drilling today confirms the previously submitted USD 20 million bank guarantee has been discharged and is no longer in effect.

The Blackford Dolphin is confirmed to have left Nigerian waters on 1 July 2024 and continues on transit for her next contract in India.

Dolphin Drilling will continue to update the market on material developments as they occur.

ENDS

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

About Dolphin Drilling | www.dolphindrilling.com

Dolphin Drilling is a leading harsh environment drilling contractor for the offshore oil and gas industry. Dolphin Drilling owns a fleet of three high-technical standard 4th and 5th generation enhanced Aker H3 and H4 units, Borgland Dolphin, Blackford Dolphin, and Paul B. Loyd, Jr., operated by an experienced team with a strong operational track record. The company has offshore and onshore offices and operations in Norway, Scotland, and Brazil.

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 22 July 2024 at 14:45 CET on behalf of the company.