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2015-09-17

GC Rieber Shipping: GC Rieber Shipping - Ceona Chartering (UK) Ltd has gone into administration

Reference is made to stock exchange notice from GC Rieber Shipping ASA
September 4. 2015, regarding termination of the charter agreement for "Polar
Onyx" with Ceona Chartering (UK) Ltd (Ceona). Today, GC Rieber Shipping has
received information that Ceona and Ceona Services (UK) Ltd have gone into
administration.

GC Rieber Shipping will seek to recover outstanding and future claims and
losses through the established cash deposit and from the companies in
administration. It is uncertain to which extent demands will result in
significant coverage.

For further information, please contact:

CEO Irene Waage Basili, tel: (+ 47) 55 60 68 67 / (+ 47) 900 98 688

CFO Einar Ytredal, tel: (+47) 55 60 68 54 / (+47) 975 20 184

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 advanced special purpose vessels for
defined markets within the subsea, ice/support and marine seismic segments,
of which the company owns 11.

The company has it's headquarter and a ship management office in Bergen, and
an additional 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 of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: GC Rieber Shipping via Globenewswire

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