Primary insiders' subscription in subsequent offering

Reference is made to the prospectus published 18 November 2011 and the subsequent offering in Dolphin Group ASA that ended on 30 November.

Primary insider Ketil Sundal has on 30 November 2011 subscribed for 3,000 shares in the subsequent offering. Mr. Sundal has been allocated a total number of allocation rights in the offering that exceeds his subscription. Subsequent to the completion of the share issue, Mr. Sundal will hold 30,000 shares in Dolphin Group. In addition he holds 456,000 options in the company

The share price in the offering is NOK 3.00 per share.

This information is subject of the disclosure requirements acc. to §5-12 (Norwegian Securities Trading Act).  

For further information; please contact:

Erik Hokholt, CFO
Mobile:    +47 90 75 60 64
E-mail:    erik.hokholt@dolphingeo.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).