Dolphin Drilling AS — Earnings Release 2018

Feb 8, 2019

Report for the 4th quarter 2018 and preliminary results for 2018

Report for the 4th quarter 2018 and preliminary results for 2018

Figures in USD

DOLPHIN DRILLING ASA (DDASA) REPORTS AN OPERATING PROFIT BEFORE DEPRECIATION

(EBITDA) OF - 26 MILLION FOR THE 4TH QUARTER 2018 AND EBITDA OF - 71 MILLION FOR

THE YEAR 2018

HIGHLIGHTS FOR THE QUARTER

· Revenues were 39 million

· EBITDA were -26 million

· Operating profit (EBIT) was -153 million

· Profit before tax was -154 million

· Earnings per share were -2.31

Post quarter event

· Entered into LOI for Blackford Dolphin/Borgland Dolphin

· Borgland Dolphin - settlement of 14 million