Mandatory notification of trade

Atle Jacobsen, CEO, has October 30, 2014 rolled forward contracts through Three M AS to buy 1 000 000 shares in Dolphin Group ASA (DOLP) at NOK 3,1077 per share maturing on March 27, 2015. After the trade and including the forward contract, Mr Jacobsen will directly and indirectly control 4 862 641 shares in Dolphin. In addition he holds 377 333 unexercised options, corresponding to 27 333 shares at the strike price of NOK 2.50 and 350 000 shares at the strike price of NOK 6.25, and he holds 1 598 000 warrants corresponding to 1 598 000 shares at the subscription price of NOK 2.50.

Erik Hokholt, CFO, October 30, 2014 rolled a forward contract through Økonomi og Regnskapsbistand AS to buy 500 000 shares in Dolphin Group ASA (DOLP) at NOK 3,1077 per share maturing on March 27, 2015. After the trade and including the forward contract, Mr Hokholt will directly and indirectly control 4 020 468 shares in Dolphin. In addition he holds 300 000 unexercised options, corresponding to 300 000 shares at the strike price of NOK 6.25, and he holds 1 598 000 warrants corresponding to 1 598 000 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:

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

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).