Tidewater Elects Taylor to Board of Directors

Tidewater announced the election of Cindy B. Taylor to its Board of Directors for a term expiring in July 2008. Mrs. Taylor comes to Tidewater with a distinguished and successful career in the oil and gas industry. Since May 2006, Mrs. Taylor has served as President and CEO of Oil States International, Inc., a diversified solutions provider for the oil and gas industry. From May 2000 through May 2006, Mrs. Taylor was a Senior Vice President, Chief Financial Officer and Treasurer of Oil States. Taylor previously held executive positions with a public drilling company and various management positions in public accounting. Taylor earned her Bachelor of Business Administration (B.B.A.) degree from Texas A&M and is a Certified Public Accountant. Taylor serves on the Boards of Directors of Oil States International, Inc. and Global Industries, a company which provides worldwide pipeline construction, platform installation and removal, and diving services to the oil and gas industry.