Subsequent offering - subscription period ends today

Oslo, Norway, 12 April 2012 - Dolphin Group ASA (OSE:DOLP)

Reference is made to the stock exchange announcement and prospectus dated 23 March 2012 (the "Prospectus") concerning the Subsequent Offering of up to 3,000,000 Offer Shares at an Offer Price of NOK 4.60 per Offer Share and the Employee Offering of up to 200,000 Offer Shares at an Offer Price of NOK 4.60 per Offer Shares.

The subscription period for the Subsequent Offering and the Employee Offering will end today, 12 April 2012, at 17:30 (CET).

The Prospectus and the subscription form are available at the Dolphin Group's website www.dolphingroup.no and at the websites of the managers, SEB Enskilda (www.sebenskilda.no) and DNB Markets (www.dnb.no/emisjoner).

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

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).

THIS PRESS RELEASE MAY NOT BE DISTRIBUTED IN, OR TO ANY PERSON RESIDENT IN THE U.S., CANADA, AUSTRALIA OR JAPAN OR TO ANY AMERICAN CITIZEN EXCEPT PURSUANT TO AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE U.S. SECURITIES ACT OF 1933. ANY FAILURE TO COMPLY WITH THESE RESTRICTIONS MAY CONSTITUTE A VIOLATION OF APPLICABLE SECURITIES LEGISLATION.