Polaris Holding January Share Repurchases

February 11, 2016

In a filing with the Bermuda Stock Exchange, Polaris Holding Company Limited announced that during the month of January 2016, the Company purchased 422 of its own common shares at a cost of $4.00 per share. The Shares will be cancelled with immediate effect.

In addition to Stevedoring Services Limited, Polaris Holding Company Limited operates Mill Reach Holding Company Limited, a company which holds real estate located at Mill Reach Lane, Pembroke. It also operates Equipment Sales and Rental Limited, a company which owns and leases heavy operating machinery and equipment to Stevedoring Services Limited.

All entities are wholly owned by Polaris Holding Company Limited with consolidated results incorporated in Polaris Holding Company Limited’s March 31, 2015 financial statements.

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