For the Financial Year Ended * 30-09-2007  
   
Footnotes
Pursuant to Rule 704(11) of the Listing Manual of the Singapore Exchange Securities Trading Limited, Mermaid Maritime Public Company Limited (the "Company") wishes to advise that there are no persons occupying managerial positions in the Company or any of its principal subsidiaries who are related to a director, chief executive officer or substantial shareholder of the Company.

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.