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2015-04-07

Polarcus Limited: Polarcus vessel utilization for Q1 2015

Polarcus Limited ("Polarcus" or the "Company") (OSE: PLCS) announces the
Company's First Quarter 2015 vessel utilization as follows:

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| Q1 - 2015 Q1 - 2014 Q4 - 2014 |
| Utilization 83% 80% 70% |
| By category: |
| Contract Seismic 47% 70% 59% |
| Multi-Client 36% 10% 11% |
| Transit 9% 14% 18% |
| Yard 0% 5% 2% |
| Standby 8% 1% 10% |
-----------------------------------------------------

The Company will be releasing its First Quarter 2015 Report on 30 April 2015
at approximately 07:00hrs CET (09:00hrs UAE).

A webcast and conference call will be hosted by Polarcus commencing at
08:00hrs CET (10:00hrs UAE). Conference call dial-in information will be
published on 16 April 2015.

Contacts
Rod Starr, CEO Polarcus
+971 4 436 0800
rod.starr@polarcus.com

Tom Henrik Sundby, CFO Polarcus
+971 50 708 6480
tom.sundby@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 600 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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