Trico Announces Intentions for Underwritten Offering

HOUSTON, Sept. 9 /PRNewswire-FirstCall/ -- Trico Marine Services, Inc. (BULLETIN BOARD: TRMA) announced today that it has filed a new shelf registration statement which, together with its existing shelf registration statement, will permit the sale of up to 4.5 million shares of common stock by the Company. The existing shelf registration statement also permits the sale of up to 6,996,200 shares of common stock by the selling stockholders named in that registration statement.

Trico also announced that it expects to offer a range of 2.5 to 3.5 million shares of common stock to the public in an underwritten offering that is expected to be completed prior to the end of the year. Specific terms of the offering will be available in a supplemental prospectus to be prepared in the future. The Company intends to use the proceeds from the issuance of such securities primarily to repay existing indebtedness. The Company expects to invite the selling stockholders named in the existing shelf registration statement to participate in the offering.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

A copy of the registration statement may be obtained by contacting the Secretary of the Company at Trico Marine Services, Inc., 2401 Fountainview, Suite 920, Houston, Texas 77057 or by telephone at [phone], or via the internet at the Company's website at http://www.tricomarine.com/ , or at http://www.sec.gov/ .

Trico provides for the marine transportation of oil and gas drilling materials, supplies and crews, and support for the construction, installation, maintenance and removal of offshore oil and gas facilities.