Mermaid Maritime Public Company Limited ("Company") wishes to announce that its Annual General Meeting No. 01/2009 ("AGM 2009") was held on 29 January 2009 and all proposed resolutions set out in the Notice to AGM 2009 dated 09 January 2009 were duly approved and passed by the Company's shareholders at the said meeting.

Macquarie Securities (Singapore) Pte Limited was the Sole Global Coordinator, Bookrunner and Underwriter for, and Macquarie Securities (Asia) Pte Limited was the Issue Manager for, the initial public offering of the Company. This announcement has been prepared and released by the Company.