Dolphin Drilling AS — Interim / Quarterly Report 2015

Jul 10, 2015

REPORT FOR THE 2ND QUARTER 2015 AND 1ST  HALF YEAR 2015

REPORT FOR THE 2ND QUARTER 2015 AND 1ST  HALF YEAR 2015

Figures in USD

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

(EBITDA) OF 209 MILLION FOR THE 2ndQUARTER 2015 AND 366 MILLION FOR THE FIRST

HALF YEAR 2015

HIGHLIGHTS FOR THE 2ndQUARTER 2015

· Revenues were 326 million

· EBITDA was 209 million

· Impairment of 419 million

· Operating profit (EBIT) was negative 305 million

· Profit before tax was negative 323 million

· Earnings per share were negative 4.9

· Contract extension for Borgsten Dolphin

· Received insurance settlement for Blackford Dolphin of 26 million