Dolphin Drilling AS New share capital and reverse share split registered

14 Jan 2026 13:07 CET

Oslo, 14 January 2026: Reference is made to the stock exchange announcements
made by Dolphin Drilling AS (the "Company") on 1 December 2025 regarding the
resolution by an extraordinary general meeting in the Company to, among other
things, conduct a reverse share split in the ratio of 300:1, and on 12 January
2026 regarding the resolution to increase the share capital to facilitate the
reverse share split.

The share capital increase and the reverse share split have today been
registered with the Norwegian Register of Business Enterprises:

Share capital: NOK 477,724,077.00
Total number of shares: 159,241,359
Par value of each share: NOK 3.00

The last day including the reverse share split will be tomorrow, Thursday 15
January 2026.

For further information, please contact:

Ingolf Gillesdal, CFO
Tel: +47 920 45 320

Dolphin Drilling | www.dolphindrilling.com (http://www.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 the disclosure requirements pursuant to the
Norwegian Securities Trading Act section 5-12 and the Euronext Growth Rule
Book part II.

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