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Tidewater, ENSCO Will Close Transaction on April 1

Maritime Activity Reports, Inc.

March 31, 2003

Tidewater Inc. and ENSCO International Incorporated jointly announced today that Hart-Scott-Rodino clearance had been obtained and that all other conditions to closing have been satisfied with respect to the previously announced sale by ENSCO of its 27-vessel Gulf of Mexico fleet to Tidewater. The transaction is expected to be completed as of 12:01 a.m., Tuesday, April 1, 2003.

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