New director appointments and election of Chairman of the Board

Polarcus announces the appointment of five new directors to the Board of Directors and the election of a Chairman of the Board.


Peter Rigg, Tore Karlsson, Hege Sjo, Katherine Hall and Alan Locker were appointed as directors during an Extraordinary General Meeting of Polarcus Limited held on the 20 June 2008. Peter Rigg was furthermore elected as Chairman of the Board of Directors. All appointments were effective immediately and the new directors join the existing Board comprising Carl-Gustav Zickerman, Carl Peter Zickerman, Geoffrey Taylor and Rosli Khan.


All five new directors together bring diverse skills and extensive experience to the Board in financial, legal and industry matters. Four of the new directors are also independent of the majority shareholders of the company.


About Polarcus 


Polarcus 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 is launching an ultra-modern fleet of initially 6 advanced seismic vessels designed by Norway's Ulstein Design AS incorporating the innovative ULSTEIN X-BOW® hull. The vessels are being built in Dubai, UAE, by Drydocks World – Dubai LLC, with the first vessels becoming operational in 2009.