Polarcus takes delivery of Polarcus Alima

Polarcus Limited (OAX: PLCS) is pleased to announce that Polarcus Alima AS, a member of the Polarcus Group, took delivery on 21 March 2011 of POLARCUS ALIMA, the fifth 3D seismic vessel to date to join the Polarcus fleet. POLARCUS ALIMA is the sister ship to POLARCUS ASIMA, delivered to the Polarcus Group in August 2010. The vessel was built at Drydocks World – Dubai in the United Arab Emirates and following a short shakedown will transit to India to commence her first contract.
POLARCUS ALIMA is an ultra-modern and Arctic-ready 12 streamer 3D seismic vessel of the ULSTEIN SX134 design, with an overall length of 92m and a beam of 21m. POLARCUS ALIMA is also one of the most environmentally responsible seismic vessels in the industry, with diesel-electric propulsion, high specification catalytic convertors, a double hull, and advanced ballast water treatment / bilge water cleaning systems. The vessel carries the stringent DNV CLEAN-DESIGN class notation. POLARCUS ALIMA has a maximum speed of 15 knots and is capable of deploying 12 streamers of 9,000m length at 100m separation. 
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)