Information to Bondholders regarding record date

25 Feb 2016

Reference is made to the stock exchange releases issued by Polarcus Limited (“Polarcus” or the “Company”) (OSE: PLCS) on 25 February 2016 in which Polarcus announced completion of financial restructuring. Reference is also made to the stock exchange releases issued on 6 January 2016 regarding Summons for a joint Bondholders’ Meeting for the following Bond Issues;

ISIN NO 001 0680150 – 8 per cent Polarcus Limited Senior Unsecured Callable Bond Issue 2013/2018

ISIN NO 001 0714389 – FRN Polarcus Limited Senior Unsecured Callable Bond Issue 2014/2019

ISIN NO 001 0607435 – 2.875% Polarcus Limited Secured Convertible Bond Issue 2011/2016

Please find attached notice from Nordic Trustee ASA regarding the above mentioned Bond Issues

Contacts

Tom Henrik Sundby, CFO
+971 50 708 6480
tom.sundby@polarcus.hop.rocks

Hans-Peter Burlid, VP Finance & Investor Relations
+971 50 559 8175
hp.burlid@polarcus.hop.rocks

About Polarcus

Polarcus (OSE: PLCS) is an innovative marine geophysical company with a pioneering environmental agenda, delivering high-end towed streamer data acquisition and imaging services from Pole to Pole. Polarcus operates a fleet of high performance 3D seismic vessels incorporating leading-edge maritime technologies for improved safety and efficiency. Polarcus offers contract seismic surveys and multi-client projects with advanced onboard processing solutions and employs nearly 500 professionals worldwide. The Company’s principal office is in Dubai, United Arab Emirates. For more information, visit www.polarcus.com

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