Loan Repayment

11 November 2011

Thalassa Holdings Ltd

("Thalassa" or the "Company")

Loan Repayment

Further to the announcement of 25 November 2010 and repayment then of the majority of the outstanding loans to Mr Soukup, the Company announces that as at 10 November 2011 it has repaid the final balance of Mr Soukup's outstanding loan to the Company of $247,435.00 and accrued interest of $20,620.00. There are now no outstanding loans from Mr Soukup to the Company.

Contact:

Duncan Soukup, Chairman Tel: + 33 (0)6 78 63 26 89

Thalassa Holdings Ltd

AntonyLegge/Oliver Rigby Tel: + 44 (0)20 7776 6550

Daniel Stewart & Company plc

Notes to Editor:

Thalassa Holdings Ltd, incorporated and registered in the BVI in 2007 and listed on AIM in July 2008, is a holding company with a focus on Marine Seismic operations.