Date: 12 September 2007


GC Rieber Shipping (`RISH`) has extended the charter agreement with the offshore engineering and contractor company Acergy for the subsea support vessel `Polarbjørn`.
The current charter agreement which expires November 2007, has been extended with one year until November 2008 at rates about 10 % above the current charter rates.
For further information, please contact CEO Sven Rong, phone + 47 55 60 68 00.