DOLPHIN DRILLING AS EXTRAORDINARY GENERAL MEETING HELD

17 Jun 2025 11:50 CEST

Reference is made to the stock exchange announcement made by Dolphin Drilling
AS (the "Company") on 3 June 2025 regarding the notice of an extraordinary
general meeting in the Company to approve resolutions in connection with the
Private Placement and the potential Subsequent Offering of new shares at the
Offer Price (all as defined therein).

The extraordinary general meeting was held today, 17 June 2025 at 11:00 CEST.
As set out in the attached minutes of the meeting, all matters on the agenda
were approved as proposed by the board of directors, including (i) the share
capital decrease by reduction of the nominal value of the Company's shares,
(ii) the issuance of new shares in the Private Placement, (iii) the granting
of an authorisation to the board of directors to issue new shares as
compensation to the pre-committing investors in the Private Placement, and
(vi) the issuance of new shares in connection with the proposed Subsequent
Offering. For more information on the Private Placement and the potential
Subsequent Offering, please refer to the Company's stock exchange
announcements of 30 May 2025.

For further information, please contact:

Ingolf Gillesdal, CFO

Mob: +47 920 45 320

Mail: Ingolf.gillesdal@dolphindrilling.com

About Dolphin Drilling AS:

Dolphin Drilling AS is an Oslo listed, Aberdeen head-quartered company which
owns and operates a fleet of harsh environment mid-water & deep-water
semisubmersible drilling rigs, capable of working worldwide.

This information is subject to disclosure under the Norwegian Securities
Trading Act, §5-12. The information was submitted for publication at
2025-06-17 11:50 CEST.

More information:
Access the news on Oslo Bors NewsWeb site

649382_Dolphin Drilling AS Minutes Of Extraordinary General Meeting 17 June 2025.pdf