Dolphin Drilling AS: Changes to the Board of Directors

Oslo, [17] October 2023

The Board (the "Board") of Dolphin Drilling AS (the "Company") has today been informed that board member Julius Adrian Kling has resigned from his position with the Company's largest shareholder, Strategic Value Partners (SVP), and will therefore with immediate effect step down from his position as a board member in the Company.

The Board wishes to thank Mr. Kling for his efforts to the Company during his term on the Board.

For further information, please contact:

Ingolf Gillesdal, email: ingolf.gillesdal@dolphindrilling.com, tel: +47 920 45 320

Dolphin Drilling | www.dolphindrilling.com

Dolphin Drilling is a leading harsh environment drilling contractor for the offshore oil and gas industry. Dolphin Drilling owns a fleet of three high-technical standard 4^th and 5^th generation enhanced Aker H3 units, Borgland Dolphin, Blackford Dolphin, and Bideford Dolphin, operated by an experienced team with a strong operational track record. The company has offshore and onshore employees, and onshore locations in Norway, Scotland, Brazil, and Nigeria.