Results of the Annual General Meeting of Shareholders No. 01/2008

The Board of Directors of Mermaid Maritime Public Company Limited ("Company") is pleased to announce that all the resolutions set out in the Notice of its Annual General Meeting No. 01/2008 dated 14 January 2008 were duly approved and passed by the shareholders at the Annual General Meeting No. 01/2008 on 30 January 2008.

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.