Change - Change in Corporate Information::Change of Name of Subsidiary

POLARIS LTD.

(Company Registration No.: 198404341D)

(Incorporated in the Republic of Singapore)

CHANGE OF NAME OF SUBSIDIARY

The board of directors (the "Board" or the "Directors") of Polaris Ltd. (the "Company", and together with its subsidiaries, the "Group") wishes to announce that Marque Luxury Pte. Ltd., an indirect 51% owned subsidiary of the Company, has changed its name to Mastro Luxe Pte. Ltd. with effect from 30 November 2021.

By Order of the Board,

Soennerstedt Carl Johan Pontus

Executive Director & CEO

30 November 2021

This announcement has been reviewed by the Company's Sponsor, Stamford Corporate Services Pte Ltd (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "SGX-ST") and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Mr Yap Wai Ming:

Tel: [phone]

Email: [e-mail]