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Regulatory press release

GC Rieber Shipping: Third quarter results 2023

GC Rieber Shipping
Operating income from continuing operations was NOK 0.2 million in the third
quarter of 2023, compared to NOK 1.1 million in the corresponding period of
2022. EBITDA from continuing operations was negative NOK 9.4 million for the
third quarter of 2023, compared to a negative EBITDA of NOK 17.7 million from
the third quarter of 2022. Net profit from continuing operations was negative
NOK 27.5 million in the third quarter of 2023. Net profit from continuing
operations was positive NOK 19.8 million in the corresponding period of 2022.

"We are very pleased to see our Windkeeper newbuilds are starting to take shape.
During third quarter both keel laying for the first newbuild and steel cutting
for the second newbuild have been conducted. The market outlook for offshore
wind is positive and we look forward to take part in the energy transition
towards a sustainable future with our Windkeeper vessels", Einar Ytredal, CEO of
GC Rieber Shipping comments.

Please find the report and presentation for the third quarter 2023 enclosed.

Contact information:

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

Silje Tonning Søgnen, CFO, GC Rieber Shipping, phone: +47 977 61 023

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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