Cal Dive Announces Two New Directors

In connection with the completion of its acquisition of Horizon Offshore Inc., two new members were added to Cal Dive's Board of Directors: John T. Mills, formerly chairman of the Board of Horizon; and David W. Sharp, formerly a director, president and CEO of Horizon. Their terms will expire in 2010.

Mills served on the board of directors of Horizon from 2002 until December 2007 and as Horizon's chairman of the board from September 2004 until December 2007. He was the CFO of Marathon Oil Corporation from January 2002 until his retirement in December 2003.

From September 1998 until December 2001, Mills was the senior vice president of finance and administration of Marathon Oil Corporation. Prior to joining Marathon, he was the vice president of taxes of USX Corporation. Mills is a member of the board of directors and audit and compensation committees of CONSOL Energy Inc.

Sharp served as president and CEO of Horizon Offshore Inc. from April 30, 2005 until Dec. 11, 2007. He was the executive vice president and CFO of Horizon from December 1997 to April 2005, and from October 1996 to November 1997 was Horizon's vice president - finance. Prior to joining Horizon, he held various accounting and finance positions with J. Ray McDermott and OPI International Inc.