Mandatory notification of trade

Reference is made to the stock exchange notice dated March 21st 2012 regarding primary insiders exercising options and transferring their rights to receive shares to a third party. The third party has subsequently sold the shares in the market and the sales price has been determined to NOK 4.9056 per share.

Further Primary Insider Simen Thoresen has purchased 3,000 shares at a price of 4.9056. After this, Simen Thoresen holds 12,500 unexercised options in the Company, corresponding to 12,500 shares at the strike price of NOK 2.25. After completion of the abovementioned transaction, the primary insider holds 48,000 shares in the Company.

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

For further information, please contact:

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

Phone:+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).