Polarcus bond restructuring steps

Reference is made to the stock exchange notices published by Polarcus Limited (“Polarcus” or the “Company”) (OSE: PLCS) on 26 January 2018 regarding Summons for a joint Bondholders’ Meeting and 12 February 2018 regarding the results from the Bondholders’ Meeting for the following Bond Issues:


ISIN NO 001 0680150

ISIN NO 001 0757248
8 per cent Polarcus Limited Senior Unsecured Callable Bond Issue 2013/2018
ISIN NO 001 0714389

ISIN NO 001 0757255
FRN Polarcus Limited Senior Unsecured Callable Bond Issue 2014/2019
ISIN NO 001 0670435

ISIN NO 001 0757263

ISIN NO 001 0757271
2.875% Polarcus Limited Secured Convertible Bond Issue 2011/2016


Please find attached a memo describing the steps to be undertaken in order to carry out the restructuring steps for the bond issues.



Hans-Peter Burlid, CFO
+971 50 559 8175


About Polarcus

Polarcus (OSE: PLCS) is an innovative marine geophysical company with a pioneering environmental agenda, delivering high-end towed streamer data acquisition and imaging services from Pole to Pole. Polarcus operates a fleet of high performance 3D seismic vessels incorporating leading-edge maritime technologies for improved safety and efficiency. Polarcus offers contract seismic surveys and multi-client projects with advanced onboard processing solutions and employs over 400 professionals worldwide. The Company’s principal office is in Dubai, United Arab Emirates. For more information, visit www.polarcus.com


This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.