Resignation Details
Name Of Person Mr. Mark Andrew Shepherd
Age 48
Is Effective Date Of Cessation Known? Yes
Effective Date Of Cessation 16/09/2010
Detailed Reason(s) for Cessation To pursue other professional interests.
Is there any difference of opinion on material matters between the person and the Board of directors? No
If yes, please elaborate NA
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer? Yes
If yes, please elaborate Mr. Mark Andrew Shepherd has served the Company for the past 16 years, having performed various roles during this time in implementing strategies contributing to the growth of the subsea engineering services business of the Company. The Company would like to thank Mr. Shepherd for his contributions over his tenure and wish him all the success in his future endeavours.
Any other relevant information to be provided to shareholders of the listed issuer? No
If yes, please elaborate NA
Date of Appointment to current position 01/01/2006
Job Title Executive Director, Mermaid Offshore Services Ltd.
Role and Responsibilities Responsible for carrying out the strategies and policies as established by the Board with respect to the subsea engineering services business of the Company including providing leadership, direction and overall management of the said business.
Does the AC have a minimum of 3 members (taking into account this resignation)? Yes
Number of Independent Directors currently resident in Singapore (taking into account this cessation) Two (2).
Number of Cessations of Appointments specified in Listing Rule 704(7) over the past 12 months Three (3) inclusive of this announcement.
Shareholding in the listed issuer and its subsidiaries Mr. Shepherd's direct shareholding interest is as registered owner of 380,000 ordinary shares in the Company. He has no indirect shareholdings in the Company.
Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries None.
Other Directorship
Past Directorship (for the last five years) Mr. Shepherd had served as a director of the following investment entities of the Company:

- Worldclass Inspiration Sdn. Bhd.
- Allied Marine & Equipment Sdn. Bhd.
- AME Marine Services Sdn. Bhd.
- Allied Support Corporation
- Maju Hydro Sdn. Bhd.
Present Directorship Mr. Shepherd is presently a director of the following subsidiaries of the Company:

- Mermaid Offshore Services Ltd.
- Mermaid Training and Technical Services Ltd.
- Nemo Subsea AS
- Nemo Subsea IS
- Seascape Surveys (Thailand) Ltd.
- Subtech Ltd.
- Mermaid Offshore Services Pty. Ltd.

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