Mandatory notification of trade

Anne-Grete Ellingsen, chairman of the board, has on 18 August 2011 acquired 75,000 shares in Dolphin Group ASA at a price of NOK 3.14 per share. The purchase was made through Energy & Management AS which is controlled by Ms Ellingsen and close associates.

After the transaction Ms Ellingsen directly and indirectly controls 125,000 shares in Dolphin.

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

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).