Stock Exchange Notice Date:9 January 2020 GC Rieber Shipping : Shearwater GeoServices confirms 4D leadership with award of multiple 2020 projectsGC Rieber Shipping ASA's 20% owned geoservices company Shearwater GeoServices has been awarded Letters of Intent for three Isometrix 4D towed streamer projects byEquinor , and a 4D Qseabed Ocean Bottom Seismic (OBS) project byLundin Norway for the 2020North Sea summer season. The 4D OBS project forLundin Norway covers the Edvard Grieg field inNorway and is effectively the second repeat survey. Data acquisition will be executed by the SW Cook andSW Tasman with Qseabed crews who have worked continuously on OBS projects in theNorth 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 theEquinor 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 forEquinor 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 AboutGC 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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