Termination of support service agreements

Polarcus Limited (“Polarcus” or the “Company”) (OSE: PLCS) announces that the technical and operational support service agreements entered into between a subsidiary of the Company and a state owned energy company with respect to the vessel Barbaros Hayreddin Pasa will come to an end on 3 October 2018 following more than five years of successful service delivery.  In the meantime, Polarcus will be assisting its client to ensure a safe and efficient transition of the services.

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 approximately 350 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.