Date: 6 October 2014

GC Rieber Shipping - British Antarctic Survey exercises option on RRS Ernest Shackleton


British Antarctic Survey (BAS) declares its second option for a one year extension of the bareboat charter for "RRS Ernest Shackleton". The option will be effective from August 2015.

"RRS Ernest Shackleton" has been on a long-term charter with BAS since August 1999. BAS further holds three annual options to extend the bareboat charter.    

For further information, please contact:
CEO Irene Waage Basili, tel.: +47 55 60 68 67, or +47 90 09 86 88
CFO Einar Ytredal, tel.: +47 55 60 68 54, or +47 97 52 01 84

About GC Rieber Shipping:

GC Rieber Shipping's business within offshore/shipping includes ownership in specialized vessels, high quality marine ship management and project development within the segments subsea, ice/support and 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.

GC Rieber Shipping currently operates 13 advanced special purpose vessels for defined markets within the subsea, ice/support and marine seismic segments, of which 11 are owned by the company. In addition, the company has one seismic vessel for delivery spring 2015.

The company is headquartered in Bergen and has a ship management company in Yuzhno-Sakhalinsk (Russia). The company is listed on Oslo BÝrs with ticker RISH. Further information is available on the company's website www.gcrieber-shipping.com.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.