Date: 21 January 2019

GC Rieber Shipping: Ship management contract with Statnett Transport


Stock Exchange Notice
Date: 21 January 2019

GC Rieber Shipping: Ship management contract with Statnett Transport

GC Rieber Shipping has entered into a ship management contract with Statnett Transport AS (Statnett) for technical management of Statnett's ro-ro vessels Elektron and Elektron II. The contract has a duration of three years plus options. The vessels are mainly used for subsea works and transport of transformers, generators and turbines to Norwegian energy plants.

For further information, please contact:
Einar Ytredal, CEO, phone: +47 975 20 184

Christoffer Knudsen, CCO, phone: +47 926 18 226

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 11 and has direct and indirect ownership in 23 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 BÝrs 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.