Stock Exchange Notice
Date: 24 September 2019

GC Rieber Shipping: Shearwater GeoServices awarded SE Asia Project for SW Vespucci

GC Rieber Shipping ASA's 20% owned geoservices company Shearwater GeoServices is pleased to announce the award of a combined 3D and 2D seismic survey in Southeast Asia for the SW Vespucci Multi-Purpose Vessel (MPV).

The contract covers an area of 1,600 sq. km for 3D seismic with associated 2D work to be executed over a 1.5-month period from end Q3 2019.  The SW Vespucci is a highly flexible seismic vessel able to effectively conduct source, 2D, 3D, and ocean bottom nodal seismic acquisition, thereby maximizing vessel utilisation and minimizing transit times.

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.