Dolphin Drilling: Change of CEO

17 Dec 2025 16:42 CET

Oslo, Norway -- 17 December 2025 -- Dolphin Drilling today announces that Jon
Oliver Bryce has resigned from his position as Chief Executive Officer (CEO).
The Board of Directors has appointed Michael Boyd, currently the company's
Chief Commercial Officer, as the new CEO, effective immediately.

Chairman's Statement

"We would like to thank Jon Oliver Bryce for his contributions to the Company
and wish him the very best in his future endeavours."

Bjørnådal added: "We are pleased to appoint Michael Boyd as the new CEO of
Dolphin Drilling. Michael has been instrumental in building our contract
portfolio and strengthening our commercial performance. His deep industry
knowledge and strategic focus make him exceptionally well-suited to lead the
company into its next chapter."

About the Incoming CEO

Boyd brings extensive industry experience and has been central to shaping
Dolphin Drilling's commercial strategy in recent years. As CEO, he will drive
a renewed focus on operational performance, cost discipline, contract backlog,
and targeted capital allocation. His leadership will centre on aligning the
organisation's structure and capabilities to ensure Dolphin Drilling operates
from a more robust, resilient platform and competes strongly in the market.
The company's refreshed strategy is aimed at reducing uncertainty and
delivering sustainable long-term value for customers, employees, and
shareholders.

He will be supported by the COO and CFO, who together will form the company's
core executive team. This strengthened leadership structure is designed to
create a more agile, focused organisation with clear direction and robust
operational and financial oversight.

For further information, please contact: Ronny Bjørnådal, Chairman, tel: +47
918 50 549

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

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 considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to the Norwegian Securities Trading Act section 5-12.

This stock exchange release was published by Ingolf Gillesdal on the time and
date provided.

More information:
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