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Dolphin Drilling AS Earnings Release 2015

Feb 16, 2016

Earnings Release

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Report for the 4th quarter 2015 and preliminary results for 2015

Figures in USD

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

(EBITDA) OF 142 MILLION FOR THE 4TH QUARTER 2015ANDEBITDA OF 637 MILLION FOR THE

YEAR 2015

HIGHLIGHTS FOR THE QUARTER

· Revenues were 265 million

· EBITDA were 142 million

· Impairment of 158 million

· Operating profit (EBIT) was negative 103 million

· Profit before tax was negative 123 million

· Earnings per share were negative 1.72