Siem Offshore Appoints New HR Director

Terje Lovoll (age 40) has been appointed by Siem Offshore to a new position in the Company as Human Resources Director. Terje Lovoll currently holds the position as Vice President HR (Capability & Knowledge Development) in Rolls-Royce Marine. He will assume the new position within March 1, 2009 and report to the CEO.

Terje Lovoll has a Master degree in Organizational and Management Development from the University of Bergen, and in association with University of Harvard. Prior to the current employment in Rolls-Royce, he has gained experiences from the Royal Norwegian Navy, Fugro-Geoteam, and the Oslo Police District – Headquarter.

Terje Sorensen, CEO of Siem Offshore, commented, "The competence and professionalism of our onshore and offshore personnel is vital to the Company's success. Terje Lovoll will be overall responsible for the further development and implementation of the Company's HR strategy. Terje Lovoll has a wide experience and he will assist us in developing the Company to a first class provider of a wide range of marine services."