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Fred. Olsen Energy ASA: New company name "Dolphin Drilling ASA" registered

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Reference is made to the minutes from the extraordinary general meeting held yesterday, 20 December 2018, and the related stock exchange notice whereby the extraordinary general meeting in Fred. Olsen Energy ASA resolved to change the company's name to "Dolphin Drilling ASA".

The new company name has now been registered with the Norwegian Register of Business Enterprises.

The company's shares will from 27 December 2018 (inclusive) be quoted on Oslo Børs with the new name and the new ticker "DDASA".

The ISIN number is unchanged.

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For further information, please contact:

Ivar Brandvold, CEO

+ 47 22 34 10 00

Hjalmar Krogseth Moe, CFO

+ 47 22 34 10 00

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

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