Top 20 Shareholders
As at 15 December 2012, the twenty (20) largest holders of ordinary shares in Mermaid on record and the number of shares held by such shareholders were as follows:
| No. | Name | Shares | % | Culm. % |
| 1 | THORESEN THAI AGENCIES PLC | 277,823,871 | 35.40 | 35.40 |
| 2 | SOLEADO HOLDINGS PTE LTD | 170,590,470 | 21.74 | 57.14 |
| 3 | THAILAND EQUITY FUND | 118,285,229 | 15.07 | 72.21 |
| 4 | HSBC (SINGAPORE) NOMS PTE LTD | 16,072,365 | 2.05 | 74.26 |
| 5 | DBS NOMINEES PTE LTD | 11,531,715 | 1.47 | 75.73 |
| 6 | UOB KAY HIAN PTE LTD | 10,644,750 | 1.36 | 77.09 |
| 7 | CITIBANK NOMS S'PORE PTE LTD | 9,112,520 | 1.16 | 78.25 |
| 8 | OCBC SECURITIES PRIVATE LTD | 7,476,308 | 0.95 | 79.20 |
| 9 | BNP PARIBAS NOMS S'PORE PL | 4,959,000 | 0.63 | 79.83 |
| 10 | BNP PARIBAS SECURITIES SVCS | 4,783,900 | 0.61 | 80.44 |
| 11 | DBS VICKERS SECS (S) PTE LTD | 4,722,350 | 0.60 | 81.05 |
| 12 | MERRILL LYNCH (S'PORE) PTE LTD | 3,874,950 | 0.49 | 81.54 |
| 13 | PHILLIP SECURITIES PTE LTD | 3,488,400 | 0.44 | 81.98 |
| 14 | UNITED OVERSEAS BANK NOMINEES | 1,689,500 | 0.22 | 82.20 |
| 15 | CIMB SEC (S'PORE) PTE LTD | 1,315,500 | 0.17 | 82.37 |
| 16 | MAYBANK KIM ENG SECS PTE LTD | 1,193,340 | 0.15 | 82.52 |
| 17 | LEE GEOK HWA | 1,179,000 | 0.15 | 82.67 |
| 18 | CHEE YAM MUI | 1,125,000 | 0.14 | 82.81 |
| 19 | TAN CHIN KWANG JOHNSON | 968,000 | 0.12 | 82.94 |
| 20 | CITIBANK CONSUMER NOMS PTE LTD | 835,700 | 0.11 | 83.04 |