MERMAID MARITIME PUBLIC COMPANY LIMITED

บริษัท เมอร์เมด มาริไทม ์จำกัด (มหาชน)

(Reg. No. 0107550000017)

26/28‐29, 9

Lumpinee, Pathumwan, Bangkok 10330, Thailand.

Tel.: +66 (0) 2‐255‐3115~6; Fax: +66 (0) 2‐255‐1079th Floor Orakarn Bldg.,Soi Chidlom, Ploenchit Road,

MERMAID AND KD MARINE OF ABERDEEN ENTERS INTO AN

ALLIANCE AGREEMENT TO PROVIDE ADVANCED SUB

SERVICES FROM THE NEWBUILD DSV ‘MERMAID ENDURER’ IN

THE EUROPEAN MARKET‐SEA

Mermaid Maritime Public Company Limited (“Mermaid”) is pleased to announce that its

wholly owned subsidiary Mermaid Offshore Services Ltd. (“MOS”) and KD Marine Ltd.

of Aberdeen have jointly entered into an Alliance Agreement whereby both parties will

cooperate to provide fully integrated saturation, air diving, daughter craft and remotely

operated vehicle (“ROV”) services from the advanced dive support vessel (“DSV”)

‘Mermaid Endurer’ in the European market.

The ‘Mermaid Endurer’ is a 95

the Bergen Group BMV AS shipyard in Bergen, Norway and which features a 300 meter

dive system, integrated air dive and ROV systems, 100

work deck space. The ‘Mermaid Endurer’ is scheduled to be delivered to MOS in the first

half of this 2010 calendar year and, in addition, it is intended that KD Marine Ltd. will

install their purpose built daughter craft and launching system from the vessel. This

system has been designed by KD Marine Ltd. to enable simultaneous air

inspection ROV support out from the principal support vessel and the combination

should provide meaningful productive gains, especially on restricted work sites. The

daughter craft, unlike conversions, have been specifically designed to provide a stable

ancillary work platform to a DSV and they feature onboard gas storage, fully enclosed

dive control, data recording areas, and inspection ROV handling.

MOS is an established provider of sub

light construction services, and emergency repair and call out services. It is recognised by

the industry for its high quality services, delivered safely and efficiently, and has

developed a strong blue chip client base that includes some of the world’s largest oil and

gas related companies. The company is headquartered in Thailand and operates

throughout South East Asia, primarily in Thailand, Indonesia, Vietnam and Malaysia,

and has recently expanded the provision of sub

Sakhalin, the Middle East, Brazil and the United Kingdom Continental Shelf.

Its fleet consists of six (6) sub

it charters. MOS operates its vessels as part of a ‘one stop’ solution utilizing a highly

skilled workforce and other key assets, including four (4) saturation diving systems

(inclusive of those systems in the current newbuild program), ten (10) offshore air diving

systems and fourteen (14) ROV systems including deepwater and ultra

construction class systems. It also has two (2) additional DSVs on order, the ‘Mermaid

Asiana’, and the ‘Mermaid Endurer’.

KD Marine Ltd. was established in 1989 and has been providing diving services in the

North Sea since that time to a wide range of oil and gas companies and contractors. It has

a fleet of Zone II Nitrox air diving systems and has focused on providing totally project

managed diving support to clients with either limited access work sites, or limited time

programmes. The company places heavy emphasis on pre planning and project

management and has built up a strong multi

Hamish Petersen, Managing Director of KD Marine Ltd. said;‐meter dynamically positioned DSV which is being built in‐ton crane and 1,000 square metre‐diving and/or‐sea inspection, repair and maintenance services,‐sea engineering services to China, India,‐sea vessels which it owns, and one (1) sub‐sea vessel which‐deepwater heavy‐skilled workforce.

“Throughout the development of KD Marine, we have been striving to maximise on installation

based diving efficiency for our clients with restricted access work sites. This has led us to design

and build a number of specialist deployment platforms and latterly, two purpose built daughter

craft support units. We are delighted to be able to now offer our clients a vessel based, fully

integrated saturation, ROV, daughter craft and air diving solution in collaboration with Mermaid

Offshore Services Ltd., all from a brand new ‘state of the art DSV – the ‘Mermaid Endurer’.

Mark Shepherd, Executive Director of MOS said;

“Mermaid Offshore Services has a broad range of offshore assets in the diving market and is

committed to the expansion of these services through the addition of new ‘state of the art’ units.

We have for some time been looking at how we might best deploy these services in the North Sea

market and were only prepared to do so if we could find a ‘like minded’ partner. We are confident

that with KD Marine we have found such a partner who places similar emphasis on safety and

service and we greatly look forward to working together”

Please be informed accordingly.

Vincent Siaw

Company Secretary