Oslo, 2 September 2025: Dolphin Drilling AS (the "Company") today announces
that an undisclosed party has signed a letter of intent for a contract for the
rig Borgland Dolphin.
The potential contract would be expected to have a value of approximately USD
58 million. The scheduled commencement would take place in the second half of
2026, and include payments for preparation for operation, mobilisation and
demobilisation. Discussions between the parties are still ongoing and there
can be no certainty as to whether the potential contract will be entered into.
The award of the contract is subject to the terms and conditions of the
contract (i) having been mutually agreed between the counterparty and the
Company, and (ii) the counterparty having received all necessary approvals,
including partner acceptances.
As a consequence of the above and in order to comply with regulatory
requirements in connection with the ongoing subsequent repair offering, the
Company will as soon as practicably possible publish a prospectus supplement
(subject to approval by the Financial Supervisory Authority of Norway) to the
prospectus dated 25 August 2025.
For further information, please contact:
Ingolf Gillesdal, CFO
Mob: +47 920 45 320
Mail: Ingolf.gillesdal@dolphindrilling.com
About Dolphin Drilling AS:
Dolphin Drilling AS is an Oslo listed, Aberdeen head-quartered, company which
owns and operates a fleet of harsh environment mid-water & deep-water
semisubmersible drilling rigs, capable of working worldwide.
This information has been submitted pursuant to the Securities Trading Act ยง
5-12 and MAR Article 17. The information was submitted for publication at
2025-09-02 16:02 CEST.