Dubai, UAE, 5 July 2011

NOTICE OF EXTRAORDINARY GENERAL SHAREHOLDERS' MEETING

MARITIME INDUSTRIAL SERVICES CO. LTD. INC.

P.O. Box 11791, Dubai, United Arab Emirates

(the "Company")

The shareholders of the Company are hereby notified that an extraordinary general shareholders meeting of the Company will be held on 20 July 2011 at 10 a.m. (UAE time) at Media 1 Al Jaber Tower, 24th Floor, Office no. 3, P.O. Box 11791, Dubai, United Arab Emirates for the following purposes:

To consider and, if thought fit, to pass the following resolutions:

  1. THAT conditional upon the settlement of the offer price relating to a voluntary offer made by Lamprell Investment Holdings Ltd. to purchase all the issued and to be issued shares in the Company upon the terms and conditions set out in an offer document dated 19 May 2011 ("Settlement") to appoint Nigel McCue as a director of the Company;
  2. THAT conditional upon Settlement, to appoint Scott Doak as a director of the Company;
  3. THAT conditional upon Settlement, to appoint Chris Hand as a director of the Company; and
  4. THAT conditional upon Settlement, to appoint Justin Tyler as secretary of the Company.