REGISTRATION OF SHARE CAPITAL INCREASE WITH THE NORWEGIAN REGISTRY OF BUSINESS ENTERPRISES

The share capital increase following the tranche two of the private placement approved by the shareholders in an extraordinary general meeting yesterday, 10 November 2011, has been registered today, 11 November 2011, in the Norwegian Registry of Business Enterprises. After the registration, the share capital of Dolphin Group ASA is NOK 459,367,410 divided into 229,683,705 shares each with a par value of NOK 2.00.   

The new shares subscribed and paid for in both tranches of the private placement will preliminary be registered in the Norwegian Central Securities Depository (VPS) under a separate ISIN number that is none tradable on Oslo Børs. Following the publication of a prospectus for the private placement, expected on or about 15 November 2011, the shares will be transferred to the ordinary ISIN for the company and the shares will be tradable on Oslo Børs from such time.

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  
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).