Exercise of employee share options in Dolphin

Participants in the Company's share option programs have on August 30th 2012 exercised a total number of 327 333 options in the Company at a strike price of NOK 2.50 per share.

Following the registration of the share issue with the Norwegian Registry of Business Enterprises the share capital of Dolphin Group ASA will be NOK 610.146.650 divided into 305.073.325 shares each with a par value of NOK 2.00.

Two primary insiders have exercised in total a number of 277 333 options in the Company. Please find an enclosed overview over the number of options exercised, transferal of rights, commitment to purchase shares and overview over new holdings for all the primary insiders' exercising options.

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).