Please find enclosed a presentation which acting CEO Hans Petter Klohs will
present at Pareto's Oil & Offshore Conference 2010, today 2 September 2010 at
13.10.

The presentation material will also be available on the company's website
www.gcrieber-shipping.no. The presentation material will be available in English
only.

For further information, please contact:

Acting CEO Hans Petter Klohs, phone +47 55 60 68 24, or +47 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/support, as
well as marine seismic. The group has a unique competence in offshore operations
in harsh environments as well as design, development and maritime operation of
seismic vessels. Through strategic value chain investments the group has
substantial knowledge and experience within subsea and marine seismic.

GC Rieber Shipping currently owns six and operates seven advanced
multifunctional special purpose vessels for defined markets within the subsea,
ice/support and marine seismic segments. Furthermore, GC Rieber Shipping has two
subsea IMR/CSV newbuildings for delivery late 2010 and mid 2011. Through a joint
venture of which GC Rieber Shipping owns 51 %, the group also has two new
offshore vessels for delivery in 2010. GC Rieber Shipping also owns 65 % of
Armada Seismic, which owns one high-capacity seismic vessel and has one
newbuilding for delivery in the third quarter 2011. The group's strategic value
chain investments include the subsea services company Reef Subsea (50 % stake)
and the company Octio (73 % stake) which is in the business of permanent
monitoring of existing oil fields. GC Rieber Shipping is also in charge of
marine ship management for nine offshore vessels for other owners.

The company has its registered office and 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.

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

[HUG#1442287]

GC RIEBER SHIPPING - PRESENTATION MATERIAL FOR PARETO`S OIL & OFFSHORE CONFERENCE 2010