Mandatory notification of trade

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Atle Jacobsen, CEO, has today August 19, 2015 exercised the rolled forward contracts through Three M AS and bought 1 000 000 shares in Dolphin Group ASA at NOK 1,8326. After the trade, Mr Jacobsen will directly and indirectly control 4 862 641 shares in Dolphin. In addition he holds 695 109 unexercised options, corresponding to 350 000 shares at the strike price of NOK 6.25 and corresponding to 345 109 shares at the strike price of NOK 2.05. Further he holds 1 598 000 warrants corresponding to 1 598 000 shares at the subscription price of NOK 2.50.

Erik Hokholt, CFO, has today August 19, 2015 exercised the rolled forward contract through Økonomi og Regnskapsbistand AS and bought 500 000 shares in Dolphin Group ASA at NOK 1,8326. After the trade, Mr Hokholt will directly and indirectly control 4 020 468 shares in Dolphin. In addition he holds 578 314 unexercised options, corresponding to 300 000 shares at the strike price of NOK 6.25 and corresponding to 278 314 shares at the strike price of NOK 2.05. Further 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, NORWAY

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).