Mandatory Notification of Trade

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

Dr. Paul L. Hanna, SVP Human Resources and a Primary Insider of Polarcus Limited, has on 07 November 2011 acquired 200,000 shares at a price of NOK 3.42 per share. Following the transaction he owns 974,000 shares.

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