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Signal Awarded Diamond’s Ocean America

Maritime Activity Reports, Inc.

December 26, 2008

Signal International has been awarded a contract for Diamond Offshore’s Ocean America to perform modifications and inspections to ensure compliance with ABS Special Survey requirements.

The semisubmersible will be drydocked at the company’s Port Arthur Texas yard in early 2009. The vessel will undergo inspections to the anchor chain and propeller shaft, piping modifications, sacrificial anode replacements as well as new paint for the hull and derrick.

Dick Marler, President and CEO of Signal commented: “Special Survey work to help our customer keep his vessel in class is an essential segment of Signal’s core business.  We are gratified that, once again, a returning customer rewards Signal’s past performance with additional work.”

Signal International, LLC, is a marine and fabrication company in the Gulf of Mexico providing repair, upgrade, new construction and fabrication services to the offshore and marine industry. Headquartered in Mobile, Alabama, Signal currently employs over 4,000 workers in its six production facilities, two in Mississippi and four in Texas.

(www.signalinternational.com)

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