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2016-02-25

Polarcus Limited: Mandatory Notification of Trade

Reference is made to the stock exchange release issued on 25 February 2016 in
which Polarcus Limited ("Polarcus" or the "Company") (OSE: PLCS) announced
completion of financial restructuring.

The following primary insiders of Polarcus has on 25 February 2016 acquired
shares in Polarcus and as a result of the Restructuring converted bond debt
to shares in the Company:

Board member Carl-Gustav Zickerman (through his wholly owned company Zickerman
Holding Ltd) has partly through purchase at an average price of NOK 0.23 per
share and partly through conversion of bond debt increased his holding in
Polarcus by 53,915,549 Class B shares. Total holding after the transactions
is 53,915,549 Class B shares and 4,986,248 shares in Polarcus which
represents 11.1% of the votes and shares in the Company.

Advisor to the company Carl-Peter Zickerman (through his wholly owned company
Zickerman Group Ltd) has partly through purchase at an average price of NOK
0.23 per share and partly through conversion of bond debt increased his
holding in Polarcus by 55,852,323 Class B shares. Total holding after the
transactions is 55,852,323 Class B shares and 3,049,475 shares in Polarcus
which represents 11.1% of the votes and shares in the Company. Carl-Peter
Zickerman also holds 171,870 stock options in Polarcus.

This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Polarcus Limited via Globenewswire

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