Stock Exchange Notice
Date: 27 April 2018

GC Rieber Shipping: Appeal from former employees of GC Rieber Crewing AS

Reference is made to the stock exchange announcement 20 March 2018, where it was announced that the lawsuit from 17 former employees of GC Rieber Crewing AS against two subsidiaries of GC Rieber Shipping had been dismissed by the Bergen District Court. The decision has now been appealed by the claimants and a judgement from the Court of Appeal may be expected at the earliest within end of 2018.

For further information, please contact:

Christian W. Berg, CEO, phone: +47 974 05 553

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 specialized competence in offshore operations in harsh environments as well as design, development and maritime operation of offshore vessels.

GC Rieber Shipping currently operates and has direct and indirect ownership in 11 advanced special purpose vessels for defined markets within the subsea, ice/support and marine seismic segments. The company has its headquarter and a ship management office in Bergen, and an additional ship management company in Yuzhno-Sakhalinsk (Russia). The company is listed on Oslo Børs with ticker RISH.

Further information is available on the company's website www.gcrieber-shipping.com.

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