For the Financial Year Ended: 30-09-2012

Mermaid Maritime Public Company Limited ("Mermaid") wishes to report that there are no persons occupying managerial positions in Mermaid or any of its principal subsidiaries who are a relative to a Director, Chief Executive Officer or Substantial Shareholder of Mermaid.

This announcement is made pursuant to the periodic reporting requirements of Rule 704(13) of the Listing Manual of the Singapore Exchange Securities Trading Limited.