DOLPHIN 2013 GUIDANCE

Oslo, Norway - 8 January 2013

Dolphin has delivered a strong financial growth through the 2-year build up period with market leading operating margins.

Based on the good marine seismic market conditions, high oil price and increased Oil Company E&P spending for 2013, Dolphin expect 2013 revenues to increase by 40-50% and total revenues to exceed USD 300 million.

Dolphin has secured a record contract backlog in excess of USD 150 million as of 1st January 2013. Total vessel coverage is more than 70% for the coming three quarters (excl. MCS projects)

Further, due to improved prices for high-end 3D seismic capacity and favourable vessel charter costs, the overall operating margins are expected to improve in 2013.

Dolphin will continue to expand the strategically important Multi-Client business activity and expect to invest USD 50-70 million in new Multi-Client seismic data, with an expected amortization rate of 45-50%.

Attached, please find our 2013 Guidance slide supported by our updated Market Outlook.

Dolphin Group will release its Q4 2012 financial results on Tuesday February 26, 2013 at approximately 8:00 am Central European Time (CET)
For further information, please contact:

Atle Jacobsen, CEO
Mobile: +47 97 71 53 36
E-mail: atle.jacobsen@dolphingeo.com

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

Dolphin Group ASA
Tel: +47 55387500
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 projects and processing services on a worldwide basis. Dolphin Group ASA is listed at Oslo Stock Exchange (OSE ticker: DOLP).