Dolphin Drilling Update on Arbitration Award

14 Jul 2025 22:29 CEST

(Oslo, 14 July 2025) Dolphin Drilling AS (OSE: DDRIL) provides an update on
the Arbitration Award obtained against General Hydrocarbons Limited



Further to the announcement made on 23 December 2024, concerning an
arbitration award obtained against General Hydrocarbons Limited, Dolphin
Drilling confirms that the Federal High Court of Lagos, Nigeria, has today
made an order granting Dolphin Drilling leave to enforce the arbitration
award. The total sum due under the arbitration award is approximately USD
105m, and Dolphin Drilling shall continue to pursue collection efforts.

For further information, please contact:

Ingolf Gillesdal, CFO, Mob: +47 920 45 320

E-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
2025-07-14 22:29 CEST.

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