DOLP - Employee share option plan allocations

March 20, 2014 - Oslo, Norway

The Board of directors of Dolphin Group ASA has approved a new share option program to issue up to 4.158.657 new options, increasing the total outstanding aggregate number of options to 24 million as approved by the Dolphin Annual General Meeting (AGM)on May 31,2013.

One option will give the right to subscribe for one share at a share price of NOK 5,20 per share.

The options are vested in three tranches over a period of three years. The share options plan has incorporated several performance targets as part of the vesting criteria's.

The Board and senior management of Dolphin have emphasised the importance of using this option allocation round to be used for recruiting new highly qualified employees and for individual employees being promoted into more senior positions. Consequently, none of the senior managers of Dolphin have been allocated options in this allocation round.

Overview of option allocations to primary insiders is attached hereto.

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

For further information, please contact:

Nina Midtlie, Group Financial Director
Mobile:+47 98 20 63 78
E-mail:nina.midtlie@dolphingeo.com

Erik Hokholt, CFO
Mobile:+47 90 75 60 64
E-mail:erik.hokholt@dolphingeo.com


Dolphin Group ASA
Helsfyr Atrium
Innspurten 15
0663 OSLO

Phone:+47 22 07 15 30
Fax:+47 22 07 15 31

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 and Multi-Client projects and processing services on a worldwide basis. Dolphin Group ASA is listed at Oslo Stock Exchange (OSE ticker: DOLP).