>> PART I
 
1. Date of notice to issuer * 08-10-2008  
 
2. Name of Director * Mr. David Stewart Simpson 
 
3. Please tick one or more appropriate box(es): *
 
  • Notice of a Director's (including a director who is a substantial shareholder) Interest and Change in Interest. [Please complete Part II and IV]
   
>> PART II
 
1. Date of change of Interest 08-10-2008  
 
2. Name of Registered Holder Mr. David Stewart Simpson  
 
3. Circumstance(s) giving rise to the interest or change in interest Open Market Purchase  
  # Please specify details
   
 
4. Information relating to shares held in the name of the Registered Holder
 
No. of Shares held before the change 387,000  
As a percentage of issued share capital 0.0715 %
 
No. of Shares which are subject of this notice 220,000  
As a percentage of issued share capital 0.0406 %
 
Amount of consideration (excluding brokerage and stamp duties) per share paid or received 0.37  
 
No. of Shares held after the change 607,000  
As a percentage of issued share capital 0.1121 %
   
>> PART III
 
1. Date of change of [Select Option]  
 
2. The change in the percentage level From % To %
 
3. Circumstance(s) giving rise to the interest or change in interest [Select Option]  
  # Please specify details
   
 
4. A statement of whether the change in the percentage level is the result of a transaction or a series of transactions:
   
   
>> PART IV
 
1. Holdings of Director , including direct and deemed interest :
 
"" Direct Deemed
No. of shares held before the change 387,000   0  
As a percentage of issued share capital 0.0715 % 0.00 %
No. of shares held after the change 607,000   0  
As a percentage of issued share capital 0.1121 % 0.00 %
 
Footnotes
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 Mermaid. This announcement has been prepared and released by Mermaid.