Dolphin Group ASA - Exercise of warrants and options

The following warrants and employee share options have been exercised in Dolphin Group ASA ("the Company").

1. Participants in the Company's share option programs have on June 7th 2013 exercised a total number of 304 666 options in the Company consisting of 296 666 options at a strike price of NOK 2.50 and 8 000 options at a strike price of NOK 3.00. None were primary insiders.

 
2. Warrants exercised by primary insiders June 7th 2013:

Energy Exploration Services AS, indirectly controlled by Mr. Bjarne Ole Stavenes, has exercised 1 198 500 warrants in the Company, corresponding to 1 198 500 shares at the strike price of NOK 2.50.

Energy Exploration Services AS, indirectly controlled by Mr. Peter Hooper, has exercised 1 198 500 warrants in the Company, corresponding to 1 198 500 shares at the strike price of NOK 2.50.


The share capital is to be increased by NOK 5 403 332 by the issuance of 2 701 666 shares.


3. New holding by primary insiders

Mr. Bjarne Ole Stavenes holds 356 000 unexercised options in the Company, corresponding to 356 000 shares at the strike price of NOK 2.50. In addition he holds 300 000 unexercised options in the Company, corresponding to 300 000 shares at the strike price of NOK 6.25.

As of today the primary insider direct and indirect controls 2 189 712 shares in the Company.


Mr. Peter Allan Hooper holds 152 000 unexercised options in the Company, corresponding to 152 000 shares at the strike price of NOK 2.50. In addition he holds 300 000 unexercised options in the Company, corresponding to 300 000 shares at the strike price of NOK 6.25.

As of today the primary insider direct and indirect controls 2 879 107 shares in the Company.

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


Dolphin Group ASA
Helsfyr Atrium
Innspurten 15
0663 OSLO

Phone:+47 23 16 70 00
Fax:+47 23 16 71 80         

www.dolphingroup.no  
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).