Approved Prospectus

Reference is made to the notice published by Polarcus Limited (“Polarcus” or the “Company”) (OAX: PLCS) on 11 October 2011 regarding the private placement (the “Private Placement”) of new shares to Sabaro Investments Limited.

The Financial Supervisory Authority of Norway has on 16 November 2011 approved the following prospectus (the “Prospectus”):

Listing of 57,500,000 new shares in Polarcus Limited issued in connection with the Private Placement completed on 11 October 2011 at a subscription price of NOK 4.00 per new share. The Prospectus does not constitute an offer to buy, subscribe or sell the securities described therein.

The Prospectus serves as a listing prospectus only and no shares or other securities are being offered or sold in any jurisdiction pursuant to this Prospectus.

The Prospectus can be downloaded from and The new shares will be listed and tradable on Oslo Axess from and including 17 November 2011.


Rolf Ronningen, CEO Polarcus, +971 4 436 0800 / +971 50 459 6982

Tom Henrik Sundby, CFO Polarcus, +971 4 436 0800 / +971 50 708 6480

About Polarcus

Polarcus (OAX: PLCS) is a pure play marine geophysical company with a pioneering environmental agenda, specializing in high-end towed streamer data acquisition from Pole to Pole. Polarcus operates a fleet of high performance 3D seismic vessels incorporating an innovative design and advanced maritime technologies for improved safety and efficiency. Polarcus offers contract seismic surveys and multi-client projects worldwide and employs over 500 professionals. The Company’s principal office is in Dubai, United Arab Emirates. For more information, visit

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)