September 24, 2007

Tidewater makes senior management appointment

Bruce D. Lundstrom has joined Tidewater Inc. (NYSE:TDW) as Senior Vice President, General Counsel and Secretary. He will report to Chairman, President and CEO Dean Taylor and will be responsible for the Legal, Insurance and Human Relations/Benefits staffs of the company. He will also act as Tidewater's Chief Compliance Officer.

Mr. Lundstrom joins Tidewater following a ten year career within the oil and gas industry, with experience both domestically and internationally.

In his most recent position at Prisma Energy International Inc. as Senior Vice President and General Counsel, he oversaw the legal efforts in financing and operating international power generation assets, pipelines and energy distribution companies in fourteen countries. He also served as a member of the company's Management Committee as well as the company's Chief Compliance Officer.

Mr. Lundstrom earned his Bachelor of Science degree in Accounting with Highest Honors from the University of Illinois in 1985, and, in 1988, graduated Cum Laude from Northwestern University School of Law