Prospectus – Subsequent Offering

THE SUBSEQUENT OFFER IS NOT BEING MADE TO UNITED STATES. PERSONS RECEIVING THIS INFORMATION MUST NOT DISTRIBUTE OR SEND SUCH INFORMATION OR ANY RELATED INFORMATION IN, INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA, HONG KONG OR JAPAN. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. OR OTHER SECURITIES LAWS.  THE DISTRIBUTION OF THIS DOCUMENT IN OTHER JURISDICTIONS MAY ALSO BE RESTRICTED BY LAW, AND PERSONS INTO WHOSE POSSESSION THIS DOCUMENT COMES SHOULD INFORM THEMSELVES ABOUT, AND OBSERVE, ANY SUCH RESTRICTIONS.

Prospectus – Subsequent Offering

Reference is made to the announcement on 23 November 2010 regarding the Subsequent Offering of up to 5,700,000 Offer Shares in Polarcus Limited at a subscription price of NOK 5.15 per Offer Share, with preferred allocation for Eligible Shareholders as of 13 October 2010.

The application Period in the Subsequent Offering is from 25 November 2010 at 09:00 CET to 9 December 2010 at 17:30 CET.

The Subsequent Offering is managed by ABG Sundal Collier Norge ASA, Pareto Securities AS and SEB Enskilda AS (the "Managers").

The Prospectus may be obtained in hard copy by contacting the Managers or at the Company's and the Managers' offices.

 

Norwegian investors with a VPS account can download the Prospectus by following this link