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Dolphin Drilling AS Director's Dealing 2017

Jul 14, 2017

Director's Dealing

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Mandatory notification of trade

Primary insider Einar Tyssen, Chief Business Development Officer of Fred. Olsen

Energy ASA (FOE), has today, 14 July 2017 acquired 10,000 shares in FOE at a

price of NOK 8.52 per share. After the transaction, Einar Tyssen holds 10,000

shares in FOE.

This information is subject of the disclosure requirements pursuant to section 5

-12 of the Norwegian Securities Trading Act