Successful placement of new unsecured bonds

Reference is made to the notification sent 30 October 2012 regarding a potential new bond issue by Dolphin Group ASA.
 
Dolphin Group ASA has successfully completed the issuance of NOK 400 million in the Norwegian bond market, with maturity in November 2016. The company has swapped the bond into USD obligations of total USD 70,5 million at a fixed interest rate of 8,86%.

The bond issue was oversubscribed.

As previously announced, the purpose of the contemplated bond issuance is to finance multi-client investments, seismic equipment and to further finance the Group's growth.

DNB Markets, Pareto Securities, and SEB have acted as Joint Lead Managers for the issuance.

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

For further information, please contact:

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

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

Dolphin Group ASA
www.dolphingroup.no
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).