GC Rieber Shipping - Christian W. Berg appointed as CEO




The Board of Directors of GC Rieber Shipping ASA has appointed Mr. Christian W.
Berg as the new CEO of the company. He brings significant industry experience to
GC Rieber Shipping in addition to adding his newly established venture Bech
Offshore which now will become part of GC Rieber Shipping. Christian W. Berg
will take on his new position mid August 2017.

Christian W. Berg (48) has more than 20 years experience from the oil service
industry in various top management positions, latest as the CEO/Owner of Bech
Offshore and before that six years as CEO of Viking Supply Ships. In addition,
Berg brings relevant experience from companies such as Geco Prakla and Siem
Offshore. Berg is a Master Mariner and holds a Bachelor in Maritime Studies from
Vestfold University College and he holds an Executive MBA in Shipping and
Logistics from Copenhagen Business School.

Bech Offshore was setup in 2017 with the concept to initiate investment
opportunities related to distressed assets within the Offshore Support Segment
(OSS). Further the company offered third party owners Commercial Management,
Consultancy Services and in-depth market know-how. The current activities in the
company and the initiatives made by Bech Offshore will now be integrated into GC
Rieber Shipping.

"During 2016 GC Rieber Shipping initiated a restructuring process which has led
to the successful establishment of the geophysical company Shearwater
GeoServices as a joint venture with Rasmussengruppen. We are still facing both
challenges and opportunities, and Christian W. Berg's background will add
valuable competence and experience to our company. With Christian W. Berg at the
helm our goal remains to structure GC Rieber Shipping into a competitive and
notable operator within the Offshore Segment", says Paul-Chr. Rieber, Chairman
of the Board of GC Rieber Shipping.

"I am looking forward to join an exciting company with rich traditions. My
background and experience from oil service segments such as Seismic, Subsea and
Ice Support in combination with a highly skilled organization makes me confident
that we as a team can structure the company for the future. Further I see this
as an exciting opportunity to continue the work I started in Bech Offshore, with
focus on consolidation and investment opportunities," says Christian W. Berg

Christian W. Berg will succeed Acting CEO of GC Rieber Shipping ASA Einar
Ytredal who will return to his permanent position as CFO of the company. Acting
CFO Øystein Kvåle will at the same time return to his position in GC Rieber AS.

For further information:
Paul Chr. Rieber, Chairman, GC Rieber Shipping, phone:  +47 950 21 994


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.