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Regulatory press release

Dolphin Drilling AS: Dolphin Drilling announces publication of Information Document

Dolphin Drilling
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Oslo, 27 October 2022 The attached information document (the "Information Document") has been prepared by Dolphin Drilling AS ("Dolphin Drilling") solely for use in connection with the admission to trading of all its shares (the "Admission") on Euronext Growth Oslo ("Euronext Growth").

The first day of trading in Dolphin Drilling's shares on Euronext Growth will commence on Friday, 28 October 2022, under the ticker "DDRIL".

Dolphin Drilling retained DNB Markets, a part of DNB Bank ASA, Arctic Securities AS and Pareto Securities AS as managers in connection with the private placement carried out by Dolphin Drilling prior to the Admission, as announced on 5 September 2022. DNB Markets has acted as Euronext Growth Advisor in connection with the admission. Advokatfirmaet Schjødt AS is acting as legal advisor to Dolphin Drilling.

About Dolphin Drilling

Dolphin Drilling is a leading harsh environment drilling contractor for the offshore oil and gas industry. Dolphin Drilling owns a fleet of three high-technical standard 4[th] and 5[th] generation enhanced Aker H3 units, Borgland Dolphin, Blackford Dolphin, and Bideford Dolphin, operated by an experienced team with strong operational track record. The company has approximately 260 offshore and onshore employees, and onshore locations in Norway, Scotland, Brazil, Nigeria, and Mexico.

The company has no interest-bearing debt and targets to maximize shareholder returns including the use of frequent cash dividends.

For further information, please contact:
Ingolf Gillesdal email: ingolf.gillesdal@dolphindrilling.com,tel: +47 920 45 320

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