GC Rieber Shipping: Shearwater GeoServices wins 3D Survey in Vietnam

GC Rieber Shipping ASA's 17% owned geoservices company Shearwater GeoServices
Holding AS ("Shearwater") has been awarded a 3D seismic survey by a major
operator in Vietnam. The two-and-a-half-month project will commence in April
2021 and will be conducted by the SW Vespucci.

Shearwater has established experience in Vietnam and has worked for the same
operator multiple times in recent years.

The SW Vespucci is one of the seismic industry's most flexible vessels,
operating both in the towed streamer and ocean bottom markets, equipped with
Qmarine technology and capable of performing 2D, 3D, and 4D surveys.

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.