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Tidewater Reports 3Q Results

Maritime Activity Reports, Inc.

January 30, 2002

Tidewater Inc., announced third quarter net earnings for the period ended December 31, 2001, of $34 million on revenues of $ 182 million. For the same quarter last year, net earnings were$ 22 million on revenues of $159 million. Net earnings in the immediately preceding quarter ended September 30, 2001, were $ 35 million on revenues of $187 million.

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