Date: 28 August 2006

RISH - EXERCISE OPTION FOR SEISMIC NEWBUILDING 534


Arrow Seismic ASA, a 54 % owned subsidiary of GC Rieber Shipping ASA, has exercised its option with a spanish yard and contracted a new seismic vessel (yard no. 534) for delivery in the spring of 2009. Newbuilding 534 is identical to the 532 and 533 newbuildings due for delivery in 2008 and the investment (in EURO) will be at similar level.
 
For further information, please contact CEO Sven Rong, phone + 47 55 60 68 00.