GC Rieber Shipping - British Antarctic Survey exercises its last option on RRS Ernest Shackleton

British Antarctic Survey (BAS), a component body of the Natural Environment
Research Council (NERC), declares its fifth and final option for a one-year
extension of the bareboat charter for "RRS Ernest Shackleton". The option will
be effective from August 2018.

"RRS Ernest Shackleton" has been on a long-term charter with BAS since August
1999.

In a comment GC Rieber Shipping's CEO, Christian Berg said "British Antarctic
Survey's declaration of the fifth and final option is a testament to GC Rieber
Shipping ability of designing and developing durable and reliable assets for ice
and harsh operational environments"

For further information:
Christian Berg, CEO, phone: +47 974 05 553
Christoffer Knudsen, Director of Chartering, phone: +47 926 18 226

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.