Update On Proposed Resolutions For Mermaid's Associate Asia Offshore Drilling Limited

Mermaid Maritime Public Company Limited ("Mermaid") refers to its previous announcement of 24 May 2011 regarding its associate company Asia Offshore Drilling Limited ("AOD") issuing a notice requesting its shareholders to consider and pass certain resolutions in writing for an increase in authorized capital, amendment to the bye-laws and the appointment of an auditor. Please refer to the said previous announcement for full details. Mermaid is pleased to advise that on 21 June 2011 the shareholders of AOD had approved the proposed resolutions in sufficient numbers. The resolutions were therefore passed as proposed, pursuant to AOD's bye-laws.

Please be informed accordingly.

Vincent Siaw
Company Secretary
22 June 2011

For more information on Mermaid, please visit www.mermaid-group.com
For more information on AOD, please visit www.aodrilling.com