Mermaid Maritime

Mermaid Maritime: renounceable right issue is on the basis of 4 rights shares for every 5 existing shares , to be offered at an issue price of $0.28 per rights share. Indicative timetable is as follows: Shares trade ex-Rights : 22 August 2013 from 9.00 a.m. Despatch of the Instruction Booklet as well as the ARE and/or PAL to Registered Shareholders : 29 August 2013 Commencement of application of Rights Shares and Excess Rights Shares : 29 August 2013 Last date and time for acceptance of and payment for Rights Shares : 6 September 2013, at 5.00 p.m. (9.30 p.m. for electronic applications) Expected date for commencement of trading of Rights Shares : 20 September 2013