Perez Resigns as Trico Marine's CFO

Victor M. Perez, who has served as Vice President, Chief Financial Officer (CFO) and Treasurer since 1995 for Trico Marine Services, Inc., has resigned effective June 30, 2003. The Board of Directors has elected Ronald O. Palmer, Chairman of the Board, to serve as interim CFO and Treasurer. One of the Company's founders, Mr. Palmer served as the Company's CFO and Treasurer from 1980 to 1995. "Vic Perez has served the Company well over the past eight years," said Tom Fairley, president and chief executive officer. "We thank him for his dedication, loyalty and his many contributions to Trico."