Trico Marine Services to Offer Common Stock

Trico Marine Services has commenced an underwritten public offering of 3,900,000 shares of its common stock pursuant to an effective shelf registration statement on Form S-3 previously filed with the Securities and Exchange Commission. The underwriters have been granted an over-allotment option by the Company to purchase up to an additional 585,000 shares of common stock. The Company intends to use the net proceeds, as well as any proceeds from the underwriters' over-allotment option, if exercised, primarily to repay existing indebtedness and for general corporate purposes.

Lehman Brothers will act as book-running manager for the offering. Jefferies & Company, Inc., Lazard Capital Markets and Simmons & Company International will act as co-managers. The offering is being made only by means of a prospectus and related prospectus supplement, a copy of which may be obtained from Lehman Brothers Inc., c/o ADP Financial Services, Integrated Distribution Services, 1155 Long Island Avenue, Edgewood, NY 11717, Fax: 631- 254-7268.
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