Tidewater Promotes Lundstrom to Executive VP, General Counsel

Tidewater Inc. has announced the promotion of Bruce D. Lundstrom to Executive Vice President, General Counsel and Secretary. The promotion is effective as of July 31, 2008, and he will continue to be responsible for the Legal, Insurance and Human Relations/Benefits staffs of the company, and will also continue to act as Tidewater's Chief Compliance Officer.

Lundstrom joined Tidewater in September 2007 as Senior Vice President, General Counsel and Secretary following a ten year career within the energy industry, with experience both domestically and internationally. In his most recent position at Prisma Energy International Inc. as Senior Vice President and General Counsel, he oversaw the legal efforts in financing and operating international power generation assets, pipelines and energy distribution companies in fourteen countries. He also served as a member of the company's Management Committee as well as the company's Chief Compliance Officer.

Tidewater Inc. owns 453 vessels, the world's largest fleet of vessels serving the global offshore energy industry.

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