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PLCS 27.12.2018 kl 08:27 608

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Polarcus Limited ("Polarcus" or the "Company") (OSE: PLCS) announces that a
contract has been executed with Dubai Petroleum Establishment for a combined
towed streamer and ocean bottom node ('OBN') 3D seismic acquisition and
processing project in the Middle East.

The project will commence in Q1 2019 and run for approximately 3 months. The
towed streamer seismic will be acquired by "Vyacheslav Tikhonov". The OBN
acquisition services for the project will be provided by SAE Exploration.

The core Polarcus fleet is heavily booked in Q1 2019 creating the opportunity to
call on the Vyacheslav Tikhonov (ex-Polarcus Selma, currently on bareboat
charter to the seismic division of Sovcomflot) to provide high quality marine
seismic acquisition services with project management delivered by Polarcus.
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