Stock Exchange Notice
Date: 17 December 2019

GC Rieber Shipping: Shearwater GeoServices awarded Eastern Offshore India
campaign by ONGC

GC Rieber Shipping ASA's 20% owned geoservices company Shearwater GeoServices
has been awarded a combined 2D and 3D broadband marine seismic acquisition
campaign by ONGC in Eastern Offshore, India. The contract is planned for
execution in the first half of 2020.

The survey covers 1,600 sq. km of 3D and 800 km of 2D data in a deepwater area
of the Bay of Bengal.
For further information, please contact:

Einar Ytredal, CEO, GC Rieber Shipping, phone: +47 975 20 184
Øystein Kvåle, CFO, GC Rieber Shipping, phone: +47 479 02 919

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 13 and has direct and indirect
ownership in 22 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 50% 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.

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

Click here for more information

© Oslo Bors ASA, source Oslo Stock Exchange