Date: 2 September 2010

GC RIEBER SHIPPING - PRESENTATION MATERIAL FOR PARETO`S OIL & OFFSHORE CONFERENCE 2010


Please find enclosed a presentation which acting CEO Hans Petter Klohs will present at Pareto's Oil & Offshore Conference 2010, today 2 September 2010 at 13.10.

 

The presentation material will also be available on the company's website www.gcrieber-shipping.no. The presentation material will be available in English only.

 

For further information, please contact:

 

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

 

 

 

About GC Rieber Shipping
GC Rieber Shipping's business within offshore/shipping includes ownership in specialized vessels, high quality marine ship management, project development and industrial portfolio management within the segments subsea, ice/support, as well as marine seismic. The group has a unique competence in offshore operations in harsh environments as well as design, development and maritime operation of seismic vessels. Through strategic value chain investments the group has substantial knowledge and experience within subsea and marine seismic.

 

GC Rieber Shipping currently owns six and operates seven advanced multifunctional special purpose vessels for defined markets within the subsea, ice/support and marine seismic segments. Furthermore, GC Rieber Shipping has two subsea IMR/CSV newbuildings for delivery late 2010 and mid 2011. Through a joint venture  of  which  GC  Rieber  Shipping  owns  51 %, the group also has two new offshore  vessels for  delivery in  2010. GC Rieber Shipping also  owns 65 % of Armada  Seismic,  which  owns  one  high-capacity  seismic  vessel  and  has one newbuilding  for delivery in the third quarter 2011. The group's strategic value chain  investments include the subsea services  company Reef Subsea (50 % stake) and  the  company  Octio  (73  %  stake)  which  is in the business of permanent monitoring  of existing  oil fields.  GC Rieber Shipping is also in charge of marine ship management for nine offshore vessels for other owners.

 

The company has its registered office and is headquartered in Bergen with ship management companies in Sevenoaks (England), Singapore and Yuzhno-Sakhalinsk (Russia), which provides global presence. The company is listed on Oslo Børs with ticker RISH. Further information is available on the company's website www.gcrieber-shipping.no.

 
This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)

Presentation