Mermaid Maritime Public Company Limited ("Mermaid") is pleased to announce that its associate Asia Offshore Drilling Limited ("AOD") has submitted its Listing Application to the Oslo Bors ASA on 13 May 2011. AOD aims to be admitted for listing on the Oslo Axess, and the outcome of the application is expected to be made known in mid-June 2011. In the event that AOD's application for listing is accepted, AOD expects to list its shares on the Oslo Axess within 45 days from the date of its acceptance for listing. Mermaid will make another announcement when the results of the application is known.

Please be informed accordingly.

Vincent Siaw
Company Secretary
16 May 2011