Dolphin Drilling AS — Earnings Release 2014

Feb 11, 2015

Report for the 4th quarter 2014 and preliminary results for 2014

Report for the 4th quarter 2014 and preliminary results for 2014

Figures in USD

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

(EBITDA) OF 157 MILLION FOR THE 4TH QUARTER 2014 AND EBITDA OF 516 MILLION FOR

THE YEAR 2014

HIGHLIGHTS FOR THE QUARTER

· Revenues were 298 million

· EBITDA were 157 million

· Operating profit (EBIT) was 71 million

· Profit before tax was 104 million

· Earnings per share were 1.4

Post quarter events:

· Suspending the dividend payment