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Regulatory press release

GC Rieber Shipping: Change of management

GC Rieber Shipping
Christoffer Knudsen has tendered his resignation as CCO of GC Rieber Shipping to
pursue an alternative career opportunity. Mr. Knudsen remains with the Company
during the notice period. The search for his replacement will commence
immediately.

GC Rieber Shipping thanks Christoffer Knudsen for his valuable contributions to
the company for the last 9 years, and wishes him all the best in his future
endeavours.

Contact information:

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

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.
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