Letter of Intent from the Norwegian Petroleum Directorate

Dolphin Geophysical has received a Letter of Intent from the Norwegian Petroleum Directorate for the acquisition and processing of 8.000-10.000 Km of 2D seismic data on the Norwegian Continental Shelf north of 64 degrees North. The program will be acquired with the Ice-class vessel Artemis Atlantic, commence around the 1st of May and is expected to run for approximately three months. The contract value is up to a maximum of NOK 72 mill.

"We are very pleased that NPD has chosen Dolphin and our Ice-class 2D capacity for this important program", says Atle Jacobsen, CEO, "and we look forward to further exploring the arctic frontier where our existing operational experience will be utilised."

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

For further information; please contact:

Atle Jacobsen, CEO  
Mob:+47 97 71 53 36
E-mail:atle.jacobsen@dolphingeo.com

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