Ex subsequent repair offering today, 18.10.2011

Oslo, Norway, 18th October 2011 - Dolphin Group ASA (OSE:DOLP)

Reference is made to announcement from the company today 18th October 2011 and 17th October 2011 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, 18th October 2011.
 
The Board of Directors has resolved to propose to an Extraordinary General Meeting expected to be held on or about 10th November 2011to conduct a subsequent offering of up to NOK 23 million (USD 4 million) directed towards existing shareholders in Dolphin that were not offered to participate in the Private Placement. The subscription price in the subsequent offering will equal the subscription price in the Private Placement of NOK 3.00 per share. The maximum of shares that are proposed to be issued in the subsequent offering amounts to 7,666,667 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).