GC Rieber Shipping - Financial statements 2016

The Board of Directors of GC Rieber Shipping has today approved the financial
statements for 2016 for both the group and the parent company. There are some
minor but not significant changes compared to the preliminary results, which
were published on 27 February 2017.

For further information:

Einar Ytredal, CEO (act.), GC Rieber Shipping, phone: +47 975 20 184

Øystein Kvåle, CFO (act.), 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 and has direct and indirect ownership in
11 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 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.