Stock Exchange Notice
Date: 9 January 2020

GC Rieber Shipping: Shearwater GeoServices confirms 4D leadership with award of
multiple 2020 projects

GC Rieber Shipping ASA's 20% owned geoservices company Shearwater GeoServices
has been awarded Letters of Intent for three Isometrix 4D towed streamer
projects by Equinor, and a 4D Qseabed Ocean Bottom Seismic (OBS) project by
Lundin Norway for the 2020 North Sea summer season.

The 4D OBS project for Lundin Norway covers the Edvard Grieg field in Norway and
is effectively the second repeat survey. Data acquisition will be executed by
the SW Cook and SW Tasman with Qseabed crews who have worked continuously on OBS
projects in the North Sea throughout the 2019 summer season. The two-month
project is scheduled to start in Q2 2020 (4 vessel months).

The SW Amundsen equipped with Isometrix multi-sensor technology will be the lead
vessel for the Equinor projects. The 4D surveys will be conducted at Norway's
Sleipner West and Norne fields, and for the Sleipner CO2 storage project. The
total volume of work for Equinor is approximately 4 vessel months.

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 29 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.

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