Polarcus Board approves 2010 Annual Report

The Board of Directors of Polarcus Limited (OAX: PLCS) has today approved the 2010 annual financial statements prepared in accordance with International Financial Reporting Standards ("IFRS"). Polarcus reported its IFRS unaudited fourth quarter and preliminary full year 2010 results on 16 February 2011. No changes have been made to the consolidated financial statements compared to those presented in the February earnings release. 
Polarcus' 2010 Annual Report will be made available electronically to the Company's shareholders in April 2011 and for viewing or download at www.polarcus.com and www.newsweb.no.
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 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 a fleet of modern 3D seismic vessels using the innovative ULSTEIN X-BOW® design and incorporating advanced maritime technologies for improved operational efficiency with a reduced environmental footprint. Polarcus offers contract seismic surveys and multi client projects worldwide and has its principal office 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)