GC Rieber Shipping - M&A Activity 2021

GC Rieber Shipping: Shearwater GeoServices awarded 4D survey offshore Angola by Total

GC Rieber Shipping ASA's 17% owned geoservices company Shearwater GeoServices

Holding AS ("Shearwater") today announced the award of a 4D monitor marine

seismic acquisition survey by Total E&P Angola ("Total").

The survey comprises a two-month project on the GJDR Development area of Block

17 commencing in Q1 2021.

One of Shearwater's industry leading multisensor equipped vessels will be used

for the survey in conjunction with source vessels from the Shearwater fleet.

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.

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