Date: 20 March 2018

GC Rieber Shipping: Claim against GC Rieber Shipping AS and GC Rieber Crewing AS dismissed


Stock Exchange Notice

Date: 20 March 2018

GC Rieber Shipping: Claim against GC Rieber Shipping AS and GC Rieber Crewing AS dismissed

Reference is made to the lawsuit handled in Bergen District Court (Bergen Tingrett) 30 October - 1 November 2017, where GC Rieber Crewing AS (GCRC) and GC Rieber Shipping AS (GCRS), both subsidiaries of GC Rieber Shipping, were sued by 17 former employees of GCRC whose employments were terminated when the Group decided to liquidate the internal crewing company GCRC.

Bergen Tingrett has today ruled in favour of GCRC and GCRS, with each of the parties being liable for their own legal costs. The ruling may be appealed within one month.

For further information, please contact:

Christian W. Berg, CEO, 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 BÝrs with ticker RISH.

Further information is available on the company's website www.gcrieber-shipping.com.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.