Date: 20 December 2006

RISH - EXERCISE OPTION FOR ARROW SEISMIC NEW BUILDING 535


Arrow Seismic ASA, a 54 % owned subsidiary of GC Rieber Shipping ASA, has exercised its option with the spanish yard and contracted a new high capacity seismic vessel (yard no. 535) for delivery in 4Q 2009. New building 535 is identical to the 532, 533 and 534 new buildings due for delivery in 2008/09 and the investment (in EURO) will be at similar level.
 
For further information, please contact CEO Sven Rong, phone + 47 55 60 68 00.