Successful placement of new unsecured bond loan

Dolphin Group ASA has successfully completed the issuance of NOK 500 million in the Norwegian bond market, with maturity in December 2017.

The bond issue was oversubscribed.

Dolphin Group ASA has in connection with the new unsecured bond issue bought back NOK 100 million of the existing bonds DOLP01 (ISIN: NO 001066290.1) maturing 14 November 2016.
            
The net proceeds from the bond issue shall be applied towards general corporate purposes, including financing of specific Multi-Client investments, seismic equipment and to further finance the growth of the group.

Arctic Securities, DNB Markets, SEB and SR-Bank Markets acted as joint lead managers for the bond issue.

This information is subject of the disclosure requirements according to section 5-12 of the Norwegian Securities Trading Act.

For further information, please contact:

Atle Jacobsen, CEO
Tel:+47 97 71 53 36
E-mail:atle.jacobsen@dolphingeo.com

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

Dolphin Group ASA
Helsfyr Atrium
Innspurten 15
0663 OSLO

Phone:+47 23 16 70 00
Fax:+47 23 16 71 80         

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).