GC Rieber Shipping: Result of voluntary offer to acquire all shares in GC Rieber Shipping ASA

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
About GC Rieber Shipping:
GC Rieber Shipping is a shipowner and project-house with focus on developing profitable and sustainable maritime projects.

GC Rieber AS (“GC Rieber”) refers to the stock exchange notice released 13
November 2023 where it was announced that GC Rieber made a voluntary offer to
acquire all the shares in GC Rieber Shipping ASA (the “Company”) not owned by GC
Rieber prior to the voluntary offer.

The offer period expired on 27 November 2023 and GC Rieber received acceptances
under the voluntary offer for a total of 18,195,729 shares in the Company,
representing approximately 21% of the outstanding shares and votes in the
Company.  GC Rieber will, following completion, own approximately 97.97% of the
shares in the Company.

Payment of the offer price of NOK 8.80 per share pursuant to the voluntary offer
is being made as soon as possible to the shareholders of the Company who
accepted the voluntary offer, and such payment will be available in the relevant
shareholders’ registered VPS account.

On completion, GC Rieber will initiate a process to compulsorily acquire the
remaining shares in the Company and will, as set out in the offer document dated
13 November 2023, request that the shares in the Company be delisted from Oslo
Stock Exchange.