GC Rieber Shipping — Director's Dealing 2011

Jan 11, 2011

MANDATORY NOTIFICATION OF TRADE

Gunnar Bjørknes, Vice President Projects of GC Rieber Shipping ASA, has today

11 January 2011 sold 3.000 shares in GC Rieber Shipping ASA at NOK 30 per share.

Gunnar Bjørknes` total holding of GC Rieber Shipping ASA shares after this

transaction is 9.500 shares.

For further information, please contact:

Acting CEO Hans Petter Klohs, phone +47 55 60 68 24, or +47 90 75 05 26

This information is subject of the disclosure requirements acc. to §5-12 vphl

(Norwegian Securities Trading Act)

[HUG#1478872]