GC Rieber Shipping ASA is pleased to announce a new short-term contract for walk
-to-work vessel Polar Queen for a Tier 1 client in Europe for work in an
offshore wind park. Polar Queen will commence the new contract in mid-November.
The charter continues Polar Queen's strong utilization in the walk-to-work
market proving the vessel's attractiveness.

Contact information:

Einar Ytredal, CEO, GC Rieber Shipping, phone: +47 975 20 184

Christoffer Knudsen, CCO, GC Rieber Shipping, phone: +47 926 18 226

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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© Oslo Bors ASA, source Oslo Stock Exchange