Oslo, 17 September 2025: Reference is made to the stock exchange announcement made by Dolphin Drilling AS (the "Company") on 8 September 2025 regarding the final results of the subsequent offering in the Company (the "Subsequent Offering").

The share capital increase pertaining to the issuance of the new shares in the Subsequent Offering has now been registered with the Norwegian Register of Business Enterprises:

Share capital: NOK 326,324,779.47
Total number of shares: 32,632,477,947
Par value of each share: 0.01

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.