Dolphin Drilling AS - AGM Information 2025

DOLPHIN DRILLING AS EXTRAORDINARY GENERAL MEETING HELD

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

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.

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