Date: 10 March 2010


The Board of Directors of GC Rieber Shipping has today approved the financial statements for 2009 for both the group and the parent company. There are no changes compared to the preliminary results, which were published on 24 February 2010.


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


For further information, please contact:


CFO Hans Petter Klohs, tlf. 55 60 68 24, or 90 75 05 26



About GC Rieber Shipping:

GC Rieber Shipping's business within offshore/shipping includes ownership in specialized vessels, high quality marine ship management, project development and industrial portfolio management within the segments subsea, ice research and support, as well as marine seismic. The group has a unique competence on offshore operations in harsh environments and design, development and maritime operation of seismic vessels. Through strategic value chain investments the group has substantial knowledge and experience within offshore subsea and marine seismic.


GC Rieber Shipping owns and operates seven advanced multifunctional special purpose vessels for defined markets within subsea, ice research and support and marine seismic. Furthermore, GC Rieber Shipping has acquired the contract for two subsea IMR new buildings for delivery in 2010/2011. Through a joint venture of which GC Rieber Shipping owns 51%, the group has in addition two new offshore vessels for delivery in 2010. The group's strategic value chain investments include the subsea services company Reef Subsea (50% shareholding) and the seismic company Octio Group (60% shareholding). GC Rieber Shipping is also in charge of marine ship management for seven seismic vessels owned by PGS, CGGVeritas and Fugro, as well as project management and building supervision for two advanced seismic new buildings for PGS.


The company is headquartered in Bergen with ship management companies in Sevenoaks (England), Singapore and Yuzhno-Sakhalinsk (Russia), which provides global presence. The company is listed on Oslo Børs with ticker RISH. Further information is available on the company's website: