Minutes from Extraordinary General Meeting

Reference is made to the notices published by Polarcus Limited (“Polarcus” or the “Company”) (OAX: PLCS) on 02 November 2011 and 21 November 2011.

An Extraordinary General Meeting of Polarcus Limited was held today at the offices of Polarcus DMCC, Almas Tower, Level 32, Jumeirah Lakes Towers, Dubai, U.A.E. The following shareholder resolution was passed:

1. The appointment of Mr. Erik Henriksen as director of the Company. The Minutes of Meeting recording the resolution made are attached.


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