GC Rieber Shipping and Rasmussengruppen establish jointly owned geophysical company: Investor presentation

In connection with the agreement between GC Rieber Shipping ASA and
RASMUSSENGRUPPEN AS to establish a new, jointly owned marine geophysical company
called Shearwater GeoServices AS, there will be held an analyst and investor
presentation today at 10.30 CET at Carnegie, Grundingen 2, 5th floor, Aker
Brygge, Oslo. The presentation to be held is attached hereto.

For further information:

Irene Waage Basili, CEO, GC Rieber Shipping, phone:  +47 55 60 68 67, or
+47 90 09 86 88

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 13 advanced special purpose vessels for
defined markets within the subsea, ice/support and marine seismic segments, of
which the company owns 11.

The company has its headquarter and a ship management office in Bergen, and an
additional 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 of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)