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2015-09-01

Polarcus Limited: Polarcus awarded broadband 3D project offshore Brazil

Polarcus Limited ("Polarcus" or the "Company") (OSE: PLCS) is pleased to
announce that the Company has signed a contract with an undisclosed client
for a non-exclusive broadband 3D marine seismic project offshore Brazil.
Project duration is expected to be approximately four months.

The dual azimuth project will be acquired utilizing Polarcus' RightBAND(TM)
technique and is expected to commence in Q2 2016 following completion of the
earlier announced 3D project for Queiroz Galvão Exploração e Produção
("QGEP").

Contacts

Tom Henrik Sundby, CFO Polarcus
+971 50 708 6480
tom.sundby@polarcus.com

Hans-Peter Burlid, VP Finance&Investor Relations Polarcus
+971 50 559 8175
hp.burlid@polarcus.com

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 500 professionals worldwide. The Company's
principal office is in Dubai, United Arab Emirates. For more information,
visitwww.polarcus.com

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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