Mandatory notification of trade

Atle Jacobsen, CEO, has today November 23, 2012 entered into a forward contract through Three M AS to buy additional 500 000 shares in Dolphin Group ASA (DOLP) at NOK 5,86 per share maturing to on May 2, 2013.

After the trade and including the forward contract, Mr Jacobsen will directly and indirectly control 4 402 641 shares in Dolphin. In addition he holds 354 667 unexercised options, corresponding to 354 667 shares at the strike price of NOK 2.50, and he holds 1 498 500 warrants corresponding to 1 498 500 shares at the subscription price of NOK 2.50.

This information is subject of the disclosure requirements according to section 5-12 of the Norwegian Securities Trading Act.

For further information, please contact:

Erik Hokholt, CFO
Mobile:+47 90756064

Nina Midtlie, Group Financial Director          
Mobile:+47 98206378
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).