GC RIEBER SHIPPING - FINANCIAL STATEMENTS 2009

The Board of Directors of GC Rieber Shipping has today approved the financial
statements for 2009 for both the group and the parent company. There are no
changes compared to the preliminary results, which were published on 24 February
2010.

This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)

For further information, please contact:

CFO Hans Petter Klohs, tlf. 55 60 68 24, or 90 75 05 26


About GC Rieber Shipping:
GC Rieber Shipping's business within offshore/shipping includes ownership in
specialized vessels, high quality marine ship management, project development
and industrial portfolio management within the segments subsea, ice research and
support, as well as marine seismic. The group has a unique competence on
offshore operations in harsh environments and design, development and maritime
operation of seismic vessels. Through strategic value chain investments the
group has substantial knowledge and experience within offshore subsea and marine
seismic.

GC Rieber Shipping owns and operates seven advanced multifunctional special
purpose vessels for defined markets within subsea, ice research and support and
marine seismic. Furthermore, GC Rieber Shipping has acquired the contract for
two subsea IMR new buildings for delivery in 2010/2011. Through a joint venture
of which GC Rieber Shipping owns 51%, the group has in addition two new offshore
vessels for delivery in 2010. The group's strategic value chain investments
include the subsea services company Reef Subsea (50% shareholding) and the
seismic company Octio Group (60% shareholding). GC Rieber Shipping is also in
charge of marine ship management for seven seismic vessels owned by PGS,
CGGVeritas and Fugro, as well as project management and building supervision for
two advanced seismic new buildings for PGS.

The company is headquartered in Bergen with ship management companies in
Sevenoaks (England), Singapore and Yuzhno-Sakhalinsk (Russia), which provides
global presence. The company is listed on Oslo Børs with ticker RISH. Further
information is available on the company's website: www.gcrieber-shipping.no
.




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