Results Of The Annual General Meeting Of Shareholders No. 01/2014

Mermaid Maritime Public Company Limited ("Company") wishes to announce that its Annual General Meeting No. 01/2014 ("AGM 2014") was held today, 28 January 2014, and all proposed resolutions as set out in the Notice to AGM 2014 dated 13 January 2014 were duly approved and passed by the Company's shareholders at the said meeting.

Statement pursuant to Rule 704(8) of the Listing Manual of the Singapore Exchange Securities Trading Limited ("SGX-ST")

(a) Mr Ng Cher Yan who was re-elected as a Director of the Company, continue to serve as the Independent Director, and member of the Audit, Remuneration, Nomination and Risk Management Committees. Mr Ng Cher Yan is considered independent for the purposes of Rule 704(8) of the Listing Manual of the SGX-ST.

(b) Mr Toh Wen Keong Joachim who was re-elected as a Director of the Company, continue to serve as the Independent Director, and member of the Audit, Remuneration and Nomination Committees. Mr Toh Wen Keong Joachim is considered independent for the purposes of Rule 704(8) of the Listing Manual of the SGX-ST.

Please be informed accordingly.

Ms. Phimolwan Phromchanya
Senior Manager, Legal & Corporate Affairs Dept.