Ex subsequent repair offering today, 07.03.2012

Oslo, Norway, 7th March 2012 - Dolphin Group ASA (OSE:DOLP)

DOLP: Ex subsequent repair offering today, 07.03.2012

Reference is made to announcement from the company today 7th March 2012 and 6th March 2012 regarding a private placement in the company. The shares in Dolphin Group ASA will trade excluding the right to participate in the subsequent offering from today, 7th March 2012.
 
The Board of Directors has resolved to carry out a subsequent offering of up to NOK 13.8 million (approximately USD 2.4 million) directed towards existing shareholders that were not offered to participate in the Private Placement. The shares will be issued pursuant to the authorization to the Board of Directors granted at Dolphin's Extraordinary General Meeting held on 10 November 2011.

The subscription price in the subsequent offering will equal the subscription price in the Private Placement of NOK 4.60 per share. The maximum number of shares that are proposed to be issued in the subsequent offering amounts to 3,000,000 shares.

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).