MERMAID MARITIME PUBLIC COMPANY LIMITED บรษิ ทั เมอรเ์ มด มารไิ ทม ์ จาํ กดั (มหาชน)

(Reg. No. 0107550000017)

26/28-29, 9th Floor Orakarn Bldg., Soi Chidlom, Ploenchit Road,

Lumpinee, Pathumwan, Bangkok 10330, Thailand.

Tel.: +66 (0) 2-255-3115~6; Fax: +66 (0) 2-255-1079

US$ 4 MILLION LOAN FACILITY AGREEMENT AND INTERESTED PERSON TRANSACTION

Mermaid Maritime Public Company Limited ("Borrower") wishes to announce that it has entered into a Facility Agreement ("Facilities") with Thoresen Thai Agencies Public Company Limited ("Lender"), to borrow from the Lender a loan of up to the aggregate principal amount of US$ 4,000,000.00 (Four Million United State Dollars) ("Loan"). The Loan has drawn down period until the 30th of June 2022.

The objective of the Facilities is to provide working capital required for Borrower's business.

CHAPTER 9 OF THE LISTING RULES - INTERESTED PERSON:

The Lender holds 49.53 percent the total share capital of the Borrower and as a controlling shareholder is an Interested Person. This shareholding is held by the Lender both directly and indirectly.

In addition to the Lender, the following are also Interested Persons:

Lender (as of 31 December 2021)

Borrower (as of 31 December 2021)

Name

Name

%

CEO and Shareholder

Mr. Chalermchai Mahagitsiri

Mr. Chalermchai Mahagitsiri

(shares held both directly and indirectly via Lender)

25.57

Directors

  • 1. Mr. Prasert Bunsumpun

  • 2. Mr. Chalermchai Mahagitsiri

  • 3. Mr. Jean Paul Thevenin

  • 1. Mr. Prasert Bunsumpun

  • 2. Mr. Chalermchai Mahagitsiri

  • 3. Mr. Jean Paul Thevenin

2. Mr. Chalermchai Mahagitsiri

Purely for illustrative purposes only and assuming that the transaction had been completed on the 31st of December 2021, being the end of FY2021, the value of the Loan is less than 3% of the audited value of the Borrower's total net tangible assets, as follows:

NTA as at 31st of December 2021

Loan Amount as a % of NTA.

NTA (US$'000)

158,675

2.52%

Please be informed accordingly.

Kanes Supyaboonrod Company Secretary 12 April 2022

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Mermaid Maritime Public Company Limited published this content on 12 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 April 2022 09:10:05 UTC.