Mermaid's Tender Rig 'MTR-2' Achieves Client Commendation for Five Years of No Loss Time Incidents

Mermaid Maritime Public Company Limited (“Mermaid”) is pleased to announce that its tender rig 'MTR-2' has received client commendation for achieving five (5) years of no loss time incidents. This is a significant achievement and exemplifies Mermaid's dedication to safety in par with its operating efficiency. Mermaid also received exemplary scores for its customer focus and co-operation. The rig's equipment performance and reliability has also been rated as very good. Since Mermaid's acquisition of the 'MTR-2' in 2005, she has been actively serving Thailand and Indonesia's production fields and is currently on contract in Indonesia until May 2015.

Mermaid's other tender rigs includes the 'MTR-1' currently available for work as an accommodation barge and 'MTR-3' and 'MTR-4' performance class drilling rigs both under construction at China Merchants Heavy Industry's shipyard in China with delivery scheduled for 2016. Mermaid also has a joint-venture with Seadrill in three high specification jack-up drilling units 'AOD I', 'AOD II' and 'AOD III' currently deployed on contracts in the Middle East.