The financial calendar for GC Rieber Shipping ASA for 2011 is as follows:

Report fourth quarter 2010 - 24 February 2011
Annual general meeting - 13 April 2011
Report first quarter 2011 - 13 May 2011
Report second quarter 2011 - 19 August 2011
Report third quarter 2011 - 3 November 2011

For further information, please contact:
Vice President Finance Einar Ytredal, phone +47 55 60 68 54, or +47 97 52 01 84

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 early 2011 and mid 2011, as well as one
IMR newbuilding for delivery in the first quarter 2011. GC Rieber Shipping also
owns 65 % of Armada Seismic, which owns one high-capacity seismic vessel
and has one newbuilding for delivery in the first quarter 2012. 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)

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GC RIEBER SHIPPING - FINANCIAL CALENDAR 2011