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Dolphin Drilling AS Earnings Release 2015

May 6, 2015

Earnings Release

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Report for the 1st quarter 2015

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

(EBITDA) OF USD 157 MILLION IN 1Q 2015

HIGHLIGHTS

· Revenues were 284 million

· EBITDA was 157 million

· Operating profit (EBIT) was 66 million

· Profit before tax was 75 million

· Earnings per share were 1.05