Reference is made to the stock exchange notice of 5 December 2022 regarding change of management.

Øystein Kvåle has been appointed Chief Commercial Officer with effect from 1 March 2023. Kvåle has served in GC Rieber Shipping's management team since 2018 as CFO and has been with GC Rieber AS since 2014. Kvåle worked for The Boston Consulting Group before joining GC Rieber. Kvåle holds a Master in Industrial Economics and Management from NTNU in Trondheim, Norway.

Silje Tonning Søgnen has been appointed Chief Financial Officer of GC Rieber Shipping with effect from 1 March 2023. Søgnen has been with GC Rieber Shipping since 2021 as Group Financial Controller. Before joining GC Rieber Shipping, she has relevant experience from various companies within the shipping industry. Søgnen holds a Bachelor in Business Administration from HVL in Bergen, Norway, and she is currently taking an Executive Master of Management at Handelshøyskolen BI, Norway.

Gjert Florvåg has been promoted to Chief Technology Officer. Florvåg has 25 years of experience withing naval architect, newbuilding and offshore/ship operations. Florvåg joined GC Rieber Shipping in 2013 and has since 2019 served as Vice President Projects. Florvåg worked with Odfjell Drilling before joining GC Rieber Shipping. Florvåg holds a BEng Honours (Siv.ing) Degree in Naval Architect and Offshore Engineering from University of Strathclyde.  

"The skilled and experienced people of the strengthened management team hold deep insight into GC Rieber Shipping's business and strategy. Together with the rest of the organization, they will continue to pursue the company's objectives of sustainable and profitable growth within the offshore wind sector", said Einar Ytredal, CEO of GC Rieber Shipping.  

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. 

This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.

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