Notification of Trade

Board member Carl Gustav Zickerman, a primary insider, (through his wholly owned company Zickerman Holding Ltd) has on 26 November 2009 acquired 800,000 shares at an average price of NOK 3.1012 per share. Total holding after the transaction is 31,156,616 shares representing 11.8% of the share capital of Polarcus Limited. In addition he holds 10,000,000 warrants.