Annual Report 2008

Mermaid Maritime Public Company Limited ("Mermaid") wishes to announce that its Annual Report for the financial year that ended on 30 September 2008 is now available for downloading from our website (www.mermaid-group.com). In the website, please find the 'Quick Downloads' menu located to the right of the main page and click on 'Latest Annual Report'.

Hard copies will also be dispatched to all shareholders whose names appear on the register of shareholders as at the book closing date (5:00 p.m. Singapore time, 09 January 2009) together with invitations to attend Mermaid's Annual General Meeting 2009 scheduled for 29 January 2009.

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 Mermaid. This announcement has been prepared and released by Mermaid.