Date: 16 July 2012

EARLY REDELIVERY OF VESSEL


Reference is made to the release made on 20 October 2011 concerning chartering of the Polar Queen.  GC Rieber Shipping and the charterer have agreed an early redelivery of the vessel in the end of August 2012.

For further information, please contact:
CEO Irene Waage Basili, phone +47 55 60 68 67, or +47 90 09 86 88

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