GC Rieber Shipping

GC Rieber Shipping: Compulsory Acquisition

GC Rieber AS ("GC Rieber") refers to the stock exchange notice released 28

November 2023 in connection with the result of the voluntary offer from GC

Rieber to acquire all shares in GC Rieber Shipping ASA (the "Company"), where GC

Rieber announced their intention to exercise its right of compulsory

acquisition.

The Board of Directors of GC Rieber, effective from 07:00 CET 5 December 2023,

resolved to carry out a compulsory acquisition of all remaining shares in the

Company not owned by GC Rieber, pursuant to section 4-25 of the Norwegian Public

Limited Liability Companies Act.

The offered redemption price under the compulsory acquisition is NOK 8.80 per

share. The offered redemption price corresponds to the offer price in the

completed voluntary offer to acquire all shares in the Company.

GC Rieber has deposited the aggregate redemption amount on a separate bank

account with Nordea Bank in accordance with section 4-25 (5) of the Norwegian

Public Limited Liability Companies Act.

Any objection to, or rejection of, the offered redemption price must be raised

on or before 9 February 2024. Former shareholders in the Company who do not

object to, or reject, the offered redemption price within this deadline will

lose their right to object to, or reject, the offered redemption price and are

deemed to have accepted the offer.

The attached letter regarding the compulsory acquisition will be sent to all

former shareholders subject to the compulsory transfer whose addresses are

known.

As a consequence of the compulsory acquisition, GC Rieber will have ownership of

all the Shares in the Company and proceeds to apply for a delisting of the

Company from Oslo Stock Exchange.

Contact information:

Einar Ytredal, CEO, GC Rieber Shipping, phone: +47 975 20 184

Silje Tonning Søgnen, CFO, GC Rieber Shipping, phone: +47 977 61 023

AI Terminal