Mandatory Notification of Trade

Polarcus Limited (“Polarcus” or the “Company”) (OAX:PLCS)

Mr. Christian D.G. Fenwick, SVP Corporate Marketing & Multi-Client and a Primary Insider of Polarcus Limited, has on 03 November 2011 acquired 30,000 shares at a price of NOK 3.80 per share. Following the transaction he owns 376,000 shares.

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