Date: 21 April 2015

GC Rieber Shipping - Employment of crewboats

GC Rieber Shipping has through its 50/50 joint venture with Prisco entered into a new five-year charter agreement with Sakhalin Energy Investment Company Ltd for the two crewboats "Polar Baikal" and "Polar Piltun". The operations under new agreement will commence in June 2015. The crewboats will be operating in the Sea of Okhotsk in Russia. 

For further information, please contact:

CEO Irene Waage Basili, phone + 47 55 60 68 67 or + 47 90 09 86 88

CFO Einar Ytredal, phone +47 55 60 68 54, or +47 97 52 01 84

About GC Rieber Shipping:

GC Rieber Shipping's business within offshore/shipping includes ownership in specialized vessels, high quality marine ship management and project development within the segments subsea, ice/support and marine seismic. The group has a unique competence in offshore operations in harsh environments as well as design, development and maritime operation of offshore vessels.

GC Rieber Shipping currently operates 13 advanced special purpose vessels for defined markets within the subsea, ice/support and marine seismic segments, of which 11 are owned by the company. In addition, the company has one seismic vessel for delivery in the spring 2015.

GC Rieber Shipping is headquartered in Bergen and has a ship management company in Yuzhno-Sakhalinsk (Russia). The company is listed on Oslo Børs with ticker RISH. Further information is available on the company's website

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