Polarcus Limited ("Polarcus" or the "Company") (OSE: PLCS) announces that Dr. Henrik Madsen has for personal reasons resigned from the Company's board of directors with effect from 21 November 2017.  Chairman, Mr. Peter Rigg said: 

"Henrik's background and experience had been with large and complex organizations, and he has played an important role in devising the strategy to enable Polarcus to succeed in an extremely difficult seismic market.  We are very grateful to him for his contribution."

The Company's Nomination Committee has been informed and will make recommendations to shareholders in due course concerning the size and composition of the Board for the future.

Contacts

Duncan Eley, CEO
+971 50 553 2198
duncan.eley@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 400 professionals worldwide. The Company's principal office is in Dubai, United Arab Emirates. For more information, visit www.polarcus.com