GC Rieber Shipping — M&A Activity 2021

Feb 1, 2021

GC Rieber Shipping: Shearwater GeoServices awarded 3D Survey in SE Asia

GC Rieber Shipping: Shearwater GeoServices awarded 3D Survey in SE Asia

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

Holding AS ("Shearwater") is pleased to announce the award of a marine seismic

3D survey in South East Asia.

The two-month project commencing in Q2 covers approximately 1,500 sqkm.

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.