Notification of Trade

Board member and EVP & Head of Strategic Investments Carl Peter Zickerman, a primary insider, (through his wholly owned company Zickerman Group Ltd) has today acquired 80,942 shares at an average price of NOK 4.5 per share. Total holding after the transaction is 20,000,001 shares representing 7.6% of the share capital of Polarcus Limited. In addition he holds 190,000 options and 7,500,000 warrants.