Cal Dive Announces Stock Split

On November 21, 2005, The Board of Directors of Cal Dive International, Inc. (Nasdaq: CDIS) declared a two- for-one split of the Company's common stock. Holders of record as of the close of business on December 1, 2005 will be entitled to one additional common share for each common share held on that date. The Company's transfer agent, Wells Fargo Shareowner Services, will distribute the shares on or about December 8, 2005.

Owen Kratz, Cal Dive's Chairman and Chief Executive Officer, stated, "This stock split, our second in the last five years, should further improve the liquidity of our stock and make our shares available to a larger and more varied group of investors. Our Board of Directors' decision to split the stock is a strong indication of the confidence we have in the growth opportunities for our business."


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