GC Rieber Shipping ASA's 17% owned geoservices company Shearwater GeoServices
Holding AS ("Shearwater") today announced the award of a 4D monitor marine
seismic acquisition survey by Total E&P Angola ("Total").

The survey comprises a two-month project on the GJDR Development area of Block
17 commencing in Q1 2021.

One of Shearwater's industry leading multisensor equipped vessels will be used
for the survey in conjunction with source vessels from the Shearwater fleet.

Contact information:

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 is a shipowner and project-house with focus on developing
profitable and sustainable maritime projects.

Further information about the company, please go to 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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