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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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Petition for bankruptcy

Reference is made to the announcements made on 4 December 2015 and 10 December 2015 by Dolphin Group ASA (“Dolphin” or the “Company” and together with its subsidiary Dolphin Geophysical AS) regarding a restructuring of the Group’s debt and capital structure (the “Restructuring”). Over the past months and weeks, the Company has explored numerous alternatives with a view to reach an agreement with all of its major stakeholders that would enable the Company to continue its business through the current period of difficult market conditions. In spite of hard work, good spirit negotiations

Update on restructuring

Reference is made to the announcement made on 4 December 2015 by Dolphin Group ASA (“Dolphin” or the “Company” and together with its subsidiary Dolphin Geophysical AS”) regarding a restructuring of the Group’s debt and capital structure (the “Restructuring”). The Company has continued to work closely with its advisors on various proposals, but is yet to reach an agreement with the Group’s main stakeholders that will allow for a successful completion of the Restructuring. Without a firm solution accepted by the Group’s main stakeholders, and in light of its financial situation, the board

Summons to bondholders meetings in Dolp01 and Dolp02

Reference is made to each of (i) the “FRN Dolphin Group ASA Senior Unsecured Bond Issue 2012/2018” with ISIN NO 001 0662901 (the “Dolp01 Bond Issue”) and (ii) the “FRN Dolphin Group ASA Senior Unsecured Bond Issue 2013/2019” with ISIN NO 001 0697220 (the “Dolp02 Bond Issue” and together with the Dolp01 Bond Issue, each a “Bond Issue” and collectively the “Bond Issues”), where Dolphin Group ASA (“Dolphin” or the “Company”) is the issuer and Nordic Trustee ASA is the bond trustee (the “Bond Trustee”). The Company has approached various stakeholders in the Company, including the Bond

Financial calendar 2016

Dolphin Group ASA intends to present the quarterly financial reports in 2016 according to the following plan: Financial year 2016 24 Feb 2016        Fourth quarter and preliminary full year 2015 result 11 May 2016       First quarter 2016 result 10 Aug 2016        Second quarter 2016 result 03 Nov 2016        Third quarter 2016 result 27 May 2016       Annual General Meeting 2016 All dates are subject to change. This information is subject of the disclosure requirements according to section 5-12 of the Norwegian Securities Trading Act. For further information,

Strategic initiatives to meet weak market fundamentals

With reference to communications previously released, Dolphin continues to explore a possible financing or sale of the company's multi-client library. Dolphin has received a non-binding term sheet in regards to financing the multi-client library, and has also received interest for sale of part of or alternatively the entire Multi Client data library, at terms reflecting the current market.Dolphin is currently evaluating these offers together with other strategic and financial alternatives to strengthen the Company's financial position. This includes among other restructuring of the

Dolphin accept Letter of Award for major 3D seismic contracts in India

Dolphin has formally accepted the Letter of Award to perform major 3D seismic projects in India for a repeat client. The contracts were previously announced by Dolphin in press release dated 15 October 2015,where Dolphin was the preferred contractor in a public bid opening ceremony.Dolphin will utilise two 3D seismic vessels for a total of approximately 9 months to complete the two projects. Erik Hokholt, CFOMobile: +47 90 75 60 64E-mail: erik.hokholt@dolphingeo.com Atle Jacobsen, CEO                                                   Mobile: +47 97 71 53 36E-mail: atle.

Third quarter and first nine months 2015 results

FINANCIAL  HIGHLIGHTS – Q3 2015 • Total revenues of USD 78.7 million, compared to USD 128.5 millionin Q3 2014• Multi-Client revenues of USD 22.0 million, compared to USD 6.0 million in Q3 2014, applying 91% amortisation rate• EBITDA of USD 18.4 million (23,4%), compared to USD 38.2 million in Q3 2014• EBIT, before other charge, of USD -13.8 million (-17,5%), compared to USD 21.1 million in Q3 2014• Vessel fleet and organisational re-structuring charge of USD 16.3 millionAdditional cost and liquidity initiatives introduced. Charter costs and loan instalments

Dolphin returning chartered seismic vessels to Sanco Shipping

Dolphin has received a Notice of Time Charter termination for the two vessels Sanco Swift and Sanco Sword, Dolphin are presently evaluating the validity and effect of the notice in respect to the present difficult market situation. Erik Hokholt, CFOMobile: +47 90 75 60 64E-mail: erik.hokholt@dolphingeo.com Atle Jacobsen, CEO                                                   Mobile: +47 97 71 53 36E-mail: atle.jacobsen@dolphingeo.com Dolphin Group ASAHelsfyr AtriumInnspurten 150663 OSLO Phone: +47 22 07 15 30Fax: +47 22 07 15 31 www.dolphingeo.com Dolphin

Dolphin will release its third quarter 2015 results

Dolphin Group will release its third quarter 2015 results on Wednesday October 28, 2015 at approximately 7:00 am Central European Time (CET), with a corresponding presentation made by Atle Jacobsen (CEO) and Erik Hokholt (CFO) 10:00 am (CET) at Hotel Continental, located in Stortingsgaten 24-26, Oslo. The presentation is open to the public. CEO Atle Jacobsen and CFO Erik Hokholt will host a conference call on the same day, Wednesday October 28, 2015 at 14:30 pm (CET).Attendees may want to call 5-10 minutes before to ensure registration and access. Norwegian   attendees are invited

Dolphin preferred contractor for a 3D seismic project offshore India

Dolphin was today selected as the first shortlisted contractor for one majorproject offshore India. The announcement was made in a public bidopening ceremony in Mumbai by a repeat client.Dolphin plan to accept contract proposal according to our submitted bidsand has confirmed vessel availability for two Dolphin high-end vessels for atotal of approximately 9 months to commence project start in fourthquarter of 2015. For further information, please contact: Atle Jacobsen, CEOMobile: +47 97 71 53 36E-mail: atle.jacobsen@dolphingeo.com Erik Hokholt, CFOMobile: +47 90

Dolphin awarded 3D seismic contract

Dolphin has been awarded a contract for 3D data acquisition and processing with an undisclosed client. The work will be of 2-3 months duration and will commence in Q4 2015.  For further information, please contact: Atle Jacobsen, CEOMobile: +47 97 71 53 36E-mail: atle.jacobsen@dolphingeo.com 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

Significantly improves competitiveness

Dolphin announces an improved competitiveness through a significant reduction in the cost base and strengthened liquidity. This has been achieved by the following three elements: · Improved terms on the two term loans · Improved terms on the overall fleet, represented by early redelivery of the Polar Duke and reduced time charter rates · Secured USD 15 million short-term bank facility The banks have agreed to a 9 months repayment holiday on the two term loans which represent USD 5.5 million per quarter in improved liquidity for the next three quarters. The financial covenants

Dolphin presents at Pareto Securities Oil & Offshore Conference 2015

Dolphin is pleased to announce that CEO, Atle Jacobsen will present at the Pareto Securities Oil & Offshore Conference 3 September, 2015 in Oslo.   Please find attatched the presentation. The presentation will also be available at Dolphin (www.dolphingeo.com ) and Oslo Stock Exchange (www.oslobors.no ) websites. For further information, please contact: Atle Jacobsen, CEOMobile: +47 97 71 53 36E-mail: atle.jacobsen@

Mandatory notification of trade

Atle Jacobsen, CEO, has today August 19, 2015 exercised the rolled forward contracts through Three M AS and bought 1 000 000 shares in Dolphin Group ASA at NOK 1,8326. After the trade, Mr Jacobsen will directly and indirectly control 4 862 641 shares in Dolphin. In addition he holds 695 109 unexercised options, corresponding to 350 000 shares at the strike price of NOK 6.25 and corresponding to 345 109 shares at the strike price of NOK 2.05. Further he holds 1 598 000 warrants corresponding to 1 598 000 shares at the subscription price of NOK 2.50. Erik Hokholt, CFO, has today August 19,

Second quarter and first half year 2015 results

FINANCIAL  HIGHLIGHTS – Q2 2015 • Total revenues of USD 80.1 million, compared to USD 101.0 million in Q2 2014• Multi-Client revenues of USD 12.1 million, compared to USD 14.9 million in Q2 2014, applying 81,5% amortisation rate• EBITDA,  of USD 18.5 million (23,1%), compared to USD 30.3 million in Q2 2014• EBIT, before restructuring charge, of USD -4.2 million (-5,2%), compared to USD 14.2 million in Q2 2014• Re-structuring charge of USD 6.2 million• Net cash flow from operations of USD 45.3 million and total cash balance of USD 65.4 million as per Q2

Dolphin will release its second quarter 2015 result

Dolphin Group will release its second quarter 2015 results on Wednesday August 12, 2015 at approximately 7:00 am Central European Time (CET), with a corresponding presentation made by Atle Jacobsen (CEO) and Erik Hokholt (CFO) 10:00 am (CET) at Hotel Continental, located in Stortingsgaten 24-26, Oslo. The presentation is open to the public. CEO Atle Jacobsen and CFO Erik Hokholt will host a conference call on the same day, Wednesday August 12, 2015 at 14:30 CET.Attendees may want to call 5-10 minutes before to ensure registration and access. Norwegian   attendees are invited to call

Dolphin announces East Campeche 2D Multi-Client project in Mexico

Dolphin has commenced the East Campeche 2D long offset Multi-Client survey in Mexico, utilizing the M/V Artemis Arctic. The licensed approved 19.597 line kilometer survey is well positioned towards the recent Mexican announced 5 year plan for leases and Dolphin will be able to deliver time processed seismic data products in time for the upcoming first Mexican license round. The survey is supported by industry pre-funding. Andy Phipps, President Dolphin Western Hemisphere commented; " Dolphin is very pleased to begin the acquisition of its first survey of this new era in Mexican

CORR * NOTIFICATION REFERRED TO IN CHAPTER 4 OF THE SECURITIES TRADING ACT ON A CHANGE IN HOLDINGS

As a result of trading on * 07 July 2015, the holdingsof Invesco Ltd., for and on behalf of funds managedby its affiliates, have risen above 5% of the votingrights and share capital in Dolphin Group ASA (seeAppendix). Under Chapter 4 of the Securities TradingAct, we hereby notify the Stock Exchange of thefollowing.1.    Name of company in which holdings have beenDisposed/Acquired:Dolphin Group ASA2.    Date of change in holdings    07 July 20153.    Exact proportion of voting rights and sharecapital in Dolphin Group ASA, by type of sharesHoldings by Invesco Ltd.,

NOTIFICATION REFERRED TO IN CHAPTER 4 OF THE SECURITIES TRADING ACT ON A CHANGE IN HOLDINGS

As a result of trading on 08 July 2015, the holdingsof Invesco Ltd., for and on behalf of funds managedby its affiliates, have risen above 5% of the votingrights and share capital in Dolphin Group ASA (seeAppendix). Under Chapter 4 of the Securities TradingAct, we hereby notify the Stock Exchange of thefollowing.1.    Name of company in which holdings have beenDisposed/Acquired:Dolphin Group ASA2.    Date of change in holdings    07 July 20153.    Exact proportion of voting rights and sharecapital in Dolphin Group ASA, by type of sharesHoldings by Invesco Ltd.,

Cancellation of Subsequent Offering

Reference is made to the stock exchange notice of 22 April 2015 regarding the Subsequent Offering of up to 7 000 000 shares directed towards the Dolphin Group ASA's (“Company”) shareholders as of 21 April 2015 (as documented by the shareholder register in the Norwegian Central Securities Depository (VPS) on 23 April 2015) who were not given an opportunity to participate in the Private Placement and who are not resident in a jurisdiction where such offering would be unlawful or, (other than Norway) would require any filing, registration or similar action. The Company has decided not to

Dolphin – commence seismic operations on large 3D Multi-Client campaign over NWS Australia

Dolphin continue the long lasting seismic operations in Australia on the North West shelf by initiating a large 3D SHarp Broadband Multi-Client survey covering approximately 15,000 sq.km. In cooperation with TGS and supported by major oil companies, Dolphin has mobilised its high capacity 3D vessel the Sanco Swift to acquire the North Carnarvon Basin survey covering both newly awarded licensed and open acreage. Dolphin will perform full broadband seismic processing of the survey data to produce a high quality onboard Post Stack Time Migrated Fast-Track volume followed by the Pre-Stack

Dolphin's new 3D seismic vessel, Polar Empress, fully operational in the Barents Sea

Dolphin is pleased to announce that the newly delivered high-capacity 3D seismic vessel, Polar Empress, is in full production towing 14 streamers on the Maud Extension Multi-Client survey in the Barents Sea. The vessel will in end of June mobilise for an exclusive contract with duration in excess of three months. The special purpose built seismic vessel, Polar Empress, is one of the most advanced vessel in the industry today. The vessel has a capacity to operate up to 22 seismic streamers, a total installed engine capacity of 22800 KW, a bollard pull in excess of 275 tons and a top

Publication of Prospectus

As previously announced, Dolphin Group ASA (the “Company”) has carried out a private placement of 70,000,000 new shares directed towards professional Norwegian and international investors and primarily towards existing shareholders in the Company for gross proceeds of NOK 143,500,000 (the "Private Placement"). The Norwegian Financial Supervisory Authority (Nw. Finanstilsynet) has approved the prospectus of the Company dated 12 June 2015 (the "Prospectus"), for the listing of the 70,000,000 new shares in the Company, each with a nominal value of NOK 2.00 issued in the Private Placement.

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