Statement pursuant to Section 5-5 of the Securities Trading Act We confirm that, to the best of our knowledge, the separate financial statements for the parent company and the consolidated financial statements for the Group, for the year ended 31 December 2010, have been prepared in accordance with IFRS and give a true and fair view of the Company’s and the Group’s assets, liabilities, financial position and results of operations, and that the Board of Director’s report gives a true and fair review of the development, performance and financial position of the Company and the Group, and includes a description of the principal risks and uncertainties that they face. Dubai, 29 March 2011 The Board of Directors of Polarcus Limited
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Peter Rigg
Tore Karlsson
Alan Locker
Geoffrey Taylor
Carl-Peter Zickerman
Kitty Hall
Carl-Gustaf Zickerman
Hege Sjo
Jogeir Romestrand
Rolf Ronningen CEO Polarcus
Tom-Henrik Sundby CFO Polarcus