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Dolphin Drilling AS Earnings Release 2014

Oct 28, 2014

Earnings Release

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Report for the 3rd quarter 2014

Figures in USD

FRED. OLSEN ENERGY ASA (FOE) REPORTS AN OPERATING PROFIT BEFORE

DEPRECIATION (EBITDA) OF USD 151 MILLION IN 3Q 2014

HIGHLIGHTS

· Revenues were 335 million

· EBITDA was 151 million

· Operating profit (EBIT) was 15 million

· Profit before tax was 4 million

· Earnings per share were negative 0.12

· Impairment of Borgny Dolphin of 43 million