Dolphin Drilling: Signs Letter of Intent for Paul B. Loyd Jr

Dolphin Drilling AS

Dolphin Drilling AS (Dolphin Drilling, OSE: DDRIL) signs Letter of Intent
(LOI) in connection with a potential new contract for the PAUL B. LOYD JR
through 2030.

The LOI, which is subject to certain conditions, outlines the parties'
intention to work towards a contract with a duration of two-and-a-half years,
until August 2030. The new contract, in direct continuation of the unit's
current contract, materially increases Dolphin Drilling's backlog and provides
long-term earnings visibility through 2030. Subject to future project
requirements, the operator also retains options to extend the engagement for
up to a further five years beyond the firm contract period.

For further information, please contact: Ingolf Gillesdal, CFO, tel: +47 920
45 320

Dolphin Drilling | www.dolphindrilling.com (http://www.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 is subject to disclosure under the Norwegian Securities
Trading Act, §5-12. The information was submitted for publication, through the
agency of the contact persons set out above, at 2026-04-07 08:05 CEST.

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