For the Financial Period Ended: 30-09-2011

Pursuant to the periodic reporting requirements of Rule 704(13) of the Listing Manual of the Singapore Exchange Securities Trading Limited, Mermaid Maritime Public Company Limited (the "Company") wishes to advise that there are no persons occupying managerial positions in the Company or any of its principal subsidiaries who are a relative to a director, chief executive officer or substantial shareholder of the Company.