Date: 24 August 2011

GC Rieber AS promotes an offer to purchase all the shares of GC Rieber Shipping ASA (RISH)

GC Rieber Shipping ASA has been informed that the GC Rieber AS has decided to make a voluntary offer to acquire all the shares of GC Rieber Shipping ASA. The negotiations about a merger are discontinued. Before the offer GC Rieber AS is owner of 23,108,110 shares, representing a 52.9% stake in GC Rieber Shipping ASA.


The offer price will be NOK 31 per share. The offer requires, among other conditions, that GC Rieber AS achieves a minimum of 90% of the shares in GC Rieber Shipping ASA and that sufficient financing is obtained. An offer document will be prepared and made public.


The board of RISH will in due time before the offer deadline prepare and publish an evaluation of the offer's implications for the company's interests.



 For further information, please contact:
 Vice Chairman of the Board Trygve Arnesen, tel. +47 901 81 966
 CEO Irene Waage Basili, tel. +47 900 98 688