GC Rieber Shipping: Shearwater awarded TGS Atlantic Margin 2019 survey in the Norwegian Sea

Stock Exchange Notice
Date: 04 June 2019

GC Rieber Shipping: Shearwater awarded TGS Atlantic Margin 2019 survey in the Norwegian Sea

GC Rieber Shipping ASA's 20% owned geoservices company Shearwater GeoServices Holding AS (“Shearwater”) is pleased to announce the award by TGS of a 3D multiclient project in the Norwegian Sea. The project will be executed by the Polar Duchess, covering an 8,000 sqkm area with long offset triple source data acquisition. The survey will start in the summer 2019 and last approximately 3,5 months.

For further information, please contact:
Einar Ytredal, CEO, GC Rieber Shipping, phone: +47 975 20 184
Øystein Kvåle, CFO, GC Rieber Shipping, phone: +47 479 02 919

About GC Rieber Shipping:
GC Rieber Shipping's business within offshore/shipping includes ownership in specialized vessels, high quality marine ship management and project development within the segments subsea, ice/support and marine seismic.

The group has a specialized competence in offshore operations in harsh environments as well as design, development and maritime operation of offshore vessels. GC Rieber Shipping currently operates 11 and has direct and indirect ownership in 22 advanced special purpose vessels for defined markets within the subsea, ice/support and marine seismic segments.

The company has its headquarter and a ship management office in Bergen, and an additional 50% ship management company in Yuzhno-Sakhalinsk (Russia). The Company is listed on Oslo Børs with ticker RISH.

Further information is available on the company's website www.gcrieber-shipping.com.

This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.