Dolphin Drilling AS - Director's Dealing 2025

Dolphin Drilling AS Mandatory notification of trade

Oslo, 23 December 2025: Johan Finnestad, COO and primary insider of Dolphin

Drilling AS (the "Company", OSE ticker: DDRIL), has today purchased 2,200,000

shares in the Company at an average price of NOK 0.0098 per share and sold

155,000 shares at an average price of NOK 0.0096 per share. Following these

transactions, Johan Finnestad owns 22,200,115 shares in the Company.

Further information about the transactions is included in the attached

notification form.

For further information, please contact:

Ingolf Gillesdal, CFO

Tel: +47 920 45 320

Dolphin Drilling | 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 disclosure requirements set out in the Market

Abuse Regulation EU 596/2014 Article 19 and the Norwegian Securities Trading

Act Section 5-12.

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