Mermaid Maritime Public Company Limited ("Mermaid") is pleased to announce that pursuant to the listing application by its 49% owned associate company, Asia Offshore Drilling Limited ("AOD") to the Oslo Børs ASA ("Oslo Børs") on 13 May 2011, AOD has received approval by the Board of Oslo Børs on 15 June 2011 to list on Oslo Axess. The Board of Oslo Børs further authorised the Chief Executive Officer of Oslo Børs to fix the date of the listing no later than 29 July 2011.

Prior to the first day of trading, AOD is required to fulfill certain prerequisites including meeting the minimum number of shareholders required and the publication of a prospectus as specified in the Oslo Axess Listing Rules.

The listing of AOD on Oslo Axess represents a key milestone towards AOD's objective to establish itself as a leading Asian-based owner and operator of high-specification jack-up drilling rigs, and further fulfils its commitment to its shareholders who subscribed to the private placement of shares in AOD in December 2010.

Please be informed accordingly.

Vincent Siaw
Company Secretary
17 June 2011

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