Dolphin Drilling announces positive outcome in Nigerian arbitration

23 Dec 2024 14:20 CET

(Oslo, 23 December 2024) Dolphin Drilling AS (Dolphin Drilling, OSE: DDRIL)
announces positive outcome in the arbitration vs General Hydrocarbons Limited.

Dolphin is today in receipt of the Final Award, which awards certain
subsidiary entities of the Group sums of approximately $100 Million. Dolphin
will immediately commence collection efforts.

For further information, please contact:

Ingolf Gillesdal, VP Corporate Finance and Investor Relations, tel: +47 920
45 320

Stephen Cox, CFO, tel: +44 7800 612 130

Dolphin Drilling | www.dolphindrilling.com (http://www.dolphindrilling.com/)

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 4th and 5th generation enhanced Aker H3 and H4 units,
Blackford Dolphin, Borgland Dolphin, and Paul B. Loyd, Jr., operated by an
experienced team with a strong operational track record. The company has
offshore and onshore offices and operations in Norway, Scotland, India and
Brazil.

This information has been submitted pursuant to the Securities Trading Act §
5-12 and MAR Article 17. The information was submitted for publication at
2024-12-23 14:20 CET.

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