Announcement Title Change - Announcement of Cessation
Announcement Subtitle Cessation of Chief Financial Officer
Date & Time of Broadcast Oct 14, 2016 18:25
Submitted By Ms. Rujiraporn Hengtrakool
Manager, Legal & Corporate Affairs Dept.
Description Cessation of Mr. Raza Ullah Khan, Chief Financial Officer

Cessation Details
Name of person Mr. Raza Ullah Khan
Age 34
Is effective date of cessation known? Yes
Effective date for cessation Oct 14, 2016
Detailed reason(s) for cessation Due to internal restructuring of the Company in line with cost efficiencies, centralization and consolidation.
Are there any unresolved differences in opinion on material matters between the person and the board of directors, including matters which would have a material impact on the group or its financial reporting? No
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer? No
Any other relevant information to be provided to shareholders of the listed issuer? Yes
If yes, please provide full details Mr. Phiboon Buakhunngamcharoen, who has been with the Company's Finance and Accounting Department for the past 11 years, shall be acting Chief Financial Officer to provide continuity to the overall finance and accounting function of the Company until such time as another Chief Financial Officer is formally appointed.
Date of appointment to current position Aug 8, 2016
Does the AC have a minimum of 3 members (taking into account this cessation)? Yes
Number of independent directors currently resident in Singapore (taking this account this cessation) 2
Number of cessations of appointments specified in Listing Rule 704(7) or Catalist Rule 704(6) over the past 12 months 8
Job Title Chief Financial Officer
Role and responsibilities Responsible for the overall finance and accounting function of the Company.
Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidaries None.
Shareholdings interest in the listed issuer and its subsidaries? No
Other directorships
Past (for the last 5 years) Nil.
Present 1. Mermaid Subsea Services LLC
2. Mermaid Subsea Services (Saudi Arabia) Co. Ltd.

Prior to or upon his cessation, Mr. Raza Ullah Khan will resign from his directorship of these subsidiaries.