Mermaid organizes successful Annual Shareholders Forum 2011 in Singapore

Mermaid Maritime Public Company Limited (“Mermaid”) is pleased to announce that it had successfully organized its 3rd Annual Singapore Shareholders Forum 2011 (“Forum”) at Suntec City in Singapore on Saturday, 26 February 2011.

This Forum is an annual event organized by Mermaid to provide an opportunity for Mermaid's shareholders, particularly those based in Singapore, to meet and get to know more about Mermaid, to meet some of Mermaid's directors and key executives, and to discuss matters concerning Mermaid with them on an informal basis. A brief presentation on Mermaid's business was delivered at the Forum followed by a Question & Answer session during which shareholders and analysts alike had the opportunity to ask the management questions related to the company's strategy, core competencies and business environment.

This was also the first time that shareholders were introduced to the new Chief Executive Officer of Mermaid, Mr. Denis Welch who joined on 15 February 2011, Mr. Steve Davey our Executive Director for Mermaid Offshore Services Limited (MOS), as well as our newly appointed independent member to the Board of Directors, Mr. Rob Bier.

Shareholders also had the opportunity to interact with other members of our Board of Directors who were present including Mr. Ng Chee Keong and Ms. Joey Horn, as well as other members of the management team including Mr. Steve Lenz our Executive Director of Mermaid Drilling Limited (MDL), and Mr. Sataporn Amornvorapak our Chief Financial Officer.

Shareholders and investors at the registration booth before the start of the forum

Representatives of the board and management of Mermaid presenting to shareholders and investors