Primary insiders' subscription in subsequent offering

Reference is made to the prospectus published 23 March 2012 and the currently ongoing subsequent offering in Dolphin Group ASA.

Board member Scott Kerr has today subscribed for a total number of 20,000 shares in the ongoing subsequent offering. Mr. Kerr has been allocated 2,640 allocation rights in the offering.

Subsequent to the completion of the share issue, Mr. Kerr will hold 35,640 shares in Dolphin Group. This holding does not include (if any) allocated due to oversubscription.

Notification on the final allocation of shares to the primary insiders based on oversubscription will be given on or about 13 April 2012.

The share price in the offering is NOK 4.60 per share.

This information is subject of the disclosure requirements acc. to §5-12 (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

Tel:+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).