GC Rieber Shipping: Shearwater GeoServices awarded 3D survey in Australia

GC Rieber Shipping ASA's 17% owned geoservices company Shearwater GeoServices
Holding AS ("Shearwater") today announced the award of a 3D multisensor marine
seismic survey, in the Otway Basin, offshore Australia.

The approximately two-month survey is expected to commence in Q3 2021 covering
an estimated 2,700 sqkm, employing the Geo Coral using a multisensor streamer
system with a variable streamer spacing configuration.

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.