GC Rieber Shipping: Shearwater GeoServices awarded Norwegian Sea OBS 4D survey by Aker BP

GC Rieber Shipping ASA's 17% owned geoservices company Shearwater GeoServices
Holding AS ("Shearwater") is pleased to announce the award of an ocean bottom
seismic (OBS) 4D survey by Aker BP at the Ivar Aasen field in the Norwegian
North Sea.

The survey will commence in Q2 2021 and will employ Shearwater's multi-purpose
vessels the SW Cook and SW Tasman, using proprietary technology. The project
duration is approximately 1 month.

Contact information:

Einar Ytredal, CEO, GC Rieber Shipping, phone: +47 975 20 184
Øystein Kvåle, CFO, GC Rieber Shipping, phone: +47 479 02 919

About GC Rieber Shipping:

GC Rieber Shipping is a shipowner and project-house with focus on developing
profitable and sustainable maritime projects.

Further information about the company, please go to www.gcrieber-shipping.com.

This information is subject to the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.