Caspian Services Appoints Doyle President and CEO

Caspian Services announced that its board of directors has appointed Kerry Doyle to the positions of Chief Executive Officer and President of the Company effective November 15, 2008. Doyle will replace Laird Garrard who has served as the Company's Chief Executive Officer since 2005 and as its President since 2004.

Commenting on Doyle's appointment, Mirgali Kunayev, Chairman of the Company's board of directors said, "We expect to draw heavily upon Doyle's extensive technical knowledge as a marine engineer and business development experience as we build upon the Company's success to date."

Since 2004, Doyle has served as the Chief Executive Officer and President of Veritas Caspian LLP, the Company's joint venture with CGG Veritas (formerly Veritas DGC Ltd.) While at Veritas Caspian, Doyle was responsible for developing and implementing the seismic data acquisition activities of Veritas Caspian over the open acreage of the Kazakh sector of the Caspian Sea. Prior to joining Veritas Caspian, Doyle was the Central Asia Regional Manager of Veritas DGC Ltd, where he successfully negotiated the exclusive agreement with the Ministry of Energy and Mineral Resources of the Republic of Kazakhstan for the acquisition of seismic data of the Kazakh sector of the Caspian Sea.

Over the past 35 years, Doyle has served in various capacities, including Country Manager in Kazakhstan, Romania and Nigeria and Regional Manager West Africa Offshore with several other geophysical companies, including Veritas DGC Ltd, WesternGeco, Western Atlas and Western Geophysical. Doyle has extensive experience in business development and operational oversight.