Dolphin secures a USD 30 million seismic equipment loan facility

Dolphin is pleased to announce that it has signed a final approved term sheet for a USD 30 million loan facility with DNB Bank ASA and SpareBank 1 SR-Bank. The facility will be used for seismic equipment to be installed onboard the high capacity 3D vessel, Polar Duchess, which is scheduled for delivery in April 2012.

The loan facility will be repaid in quarterly installments for a period of three years with an interest of three month LIBOR plus 4% per annum.

Further description of terms and conditions are disclosed in Dolphin's recently filed private placement Prospectus per 18th November 2012, paragraph 10.4.2.

This information is subject of the disclosure requirements acc. to §5-12 (Norwegian Securities Trading Act).  

For further information; please contact:

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

Ketil Sundal, VP Finance & IR          
Mobile:+47 95 92 21 04
E-mail:ketil@dolphinics.com


Dolphin Group ASA
Helsfyr Atrium
Innspurten 15
0663 OSLO

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

www.dolphingroup.no
www.dolphingeo.com

Dolphin Group ASA has two main business areas; Dolphin Geophysical AS and Dolphin Interconnect Solutions AS. Dolphin Geophysical is a global full-range, asset light supplier of marine geophysical services and operates a fleet of new generation, high capacity seismic vessels and offers contract seismic surveys and multi-client projects worldwide. Dolphin Interconnect is a global supplier of high performance solutions (hardware- and software) for the server and embedded systems market. Dolphin Group ASA is listed at Oslo Stock Exchange (OSE ticker: DOLP).