Reference is made to stock exchange notice 12 July 2016.

Senvion GmbH has opted to extend the firm period of charter for the Construction Support Vessel (CSV) Polar Queen until 6 December 2017, with options to extend further by up to 3 weeks.

The previously agreed firm period was set to end 13 October. The firm extension and new options replace the previously agreed options.

For further information, please contact:

CEO Christian W. Berg, phone: +47 974 05 553

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 specialized competence in offshore operations in harsh environments as well as design, development and maritime operation of offshore vessels.

GC Rieber Shipping currently operates and has direct and indirect ownership in 11 advanced special purpose vessels for defined markets within the subsea, ice/support and marine seismic segments.

The company has its headquarter and a ship management office in Bergen, and an additional 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 www.gcrieber-shipping.com.