USD 1.2 million asset sale closed

With reference to the Q3 report, Dolphin today announced that it has closed the sale of certain IP rights acquired in 2007 for the net proceeds of app. NOK 8.6 million. The divestment of these assets will have no practical impact on operations of the company.

The sale will be booked as other income in Q4 2008 and have no effect on payable taxes. The sale will have no effect on the balance sheet as the assets are un-booked.

For further info, please contact

Alex Gundersen, CFO, 0047 41474107