Date: 28 December 2009

GC Rieber Shipping - Financial Calendar 2010

The financial calendar for GC Rieber Shipping ASA for 2010 is as follows:
Report fourth quarter 2009 - 24 February 2010
Annual general meeting - 13 April 2010
Report first quarter 2010 - 6 May 2010 
Report second quarter 2010 - 19 August 2010
Report third quarter 2010 - 4 November 2010

For further information, please contact:
CFO Hans Petter Klohs, phone +47 55 60 68 24, or +47 90 75 05 26

About GC Rieber Shipping:
GC Rieber Shipping's business in the offshore/shipping segment includes ownership of specialized vessels, high quality marine ship management, project development and industrial portfolio management within the offshore subsea, ice research and support and marine seismic segments. The company has a unique competence within offshore operations in harsh environments, as well as design, development and maritime operation of seismic vessels. Strategic investments in the value chain have added considerable know-how and experience to the company in terms of offshore subsea and marine seismic operations.

GC Rieber Shipping owns and operates seven advanced multifunctional special purpose vessels within the offshore subsea, ice research and support as well as the marine seismic segment markets. Furthermore, GC Rieber Shipping has recently acquired two subsea IMR new builds for delivery in 2010/2011. Through a joint venture company of which GC Rieber Shipping owns 51 %, the company has in addition contracted two new offshore vessels for delivery in 2010. The company's strategic value chain investments include the subsea contractor Technocean (58 % stake), Octio Group, which specializes in permanent monitoring of oil fields (60 % stake) and the geotechnical company Bluestone Offshore (40 % stake). The company is also in charge of the ship management of ten seismic vessels owned by PGS, CGGVeritas and Fugro, as well as project management and building supervision for two advanced seismic new builds for PGS.

The company is headquartered in Bergen, Norway, with ship management companies in Sevenoaks (England), Singapore and Yuzhno-Sakhalinsk (Russia) for international representation. The company is listed on Oslo Børs with the ticker RISH. Additional information is available on the company's web site

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)