SEACOR Marine Announces Vessel Acquisitions

HOUMA, La.–(BUSINESS WIRE)–SEACOR Marine Holdings Inc. (NYSE:SMHI) (the “Company”), a leading
provider of global marine and support transportation services to
offshore oil and gas exploration, development and production facilities
worldwide, today announced consummation of the acquisition of four
foreign flagged platform supply vessels (“PSVs”). The Company and the
Sellers agreed to keep the exact terms of the transaction confidential
but confirmed aggregate consideration for the four vessels was in the
range of $7.0.-9.0 million in cash.

The four vessels are mid-size PSVs of UT 755LN design (approx. 3,250
deadweight) built between 2009 and 2010 with dynamic positioning class
two systems. All the vessels are currently located in West Africa, all
have valid regulatory trading certificates, and three of the four are
presently employed on time charters.

John Gellert, the Company’s Chief Executive Officer, commented: “We are
pleased to have successfully concluded this transaction after a lengthy
process. We believe the price represents strong value for the vessels
and offers a compelling use of a portion of our cash reserves.”

Forward Looking Statements

Certain statements discussed in this release as well as in other
reports, materials and oral statements that the Company releases from
time to time to the public constitute “forward-looking statements”
within the meaning of the Private Securities Litigation Reform Act of
1995. Generally, words such as “anticipate,” “estimate,” “expect,”
“project,” “intend,” “believe,” “plan,” “target,” “forecast” and similar
expressions are intended to identify forward-looking statements. Such
forward-looking statements concern management’s expectations, strategic
objectives, business prospects, anticipated economic performance and
financial condition and other similar matters. These statements
are not guarantees of future performance and actual events or results
may differ significantly from these statements. Actual events or
results are subject to significant known and unknown risks,
uncertainties and other important factors, including decreased demand
and loss of revenues as a result of a decline in the price of oil and
resulting decrease in capital spending by oil and gas companies, an
oversupply of newly built offshore support vessels, additional safety
and certification requirements for drilling activities in the U.S. Gulf
of Mexico and delayed approval of applications for such activities, the
possibility of U.S. government implemented moratoriums directing
operators to cease certain drilling activities in the U.S. Gulf of
Mexico and any extension of such moratoriums, weakening demand for the
Company’s services as a result of unplanned customer suspensions,
cancellations, rate reductions or non-renewals of vessel charters or
failures to finalize commitments to charter vessels in response to a
decline in the price of oil, increased government legislation and
regulation of the Company’s businesses could increase cost of
operations, increased competition if the Jones Act and related
regulations are repealed, liability, legal fees and costs in connection
with the provision of emergency response services, such as the response
to the oil spill as a result of the sinking of the Deepwater Horizon in
April 2010, decreased demand for the Company’s services as a result of
declines in the global economy, declines in valuations in the global
financial markets and a lack of liquidity in the credit sectors,
including, interest rate fluctuations, availability of credit, inflation
rates, change in laws, trade barriers, commodity prices and currency
exchange fluctuations, the cyclical nature of the oil and gas industry,
activity in foreign countries and changes in foreign political, military
and economic conditions, including as a result of the recent vote in the
U.K. to leave the European Union, changes in foreign and domestic oil
and gas exploration and production activity, safety record requirements,
compliance with U.S. and foreign government laws and regulations,
including environmental laws and regulations and economic sanctions, the
dependence on several key customers, consolidation of the Company’s
customer base, the ongoing need to replace aging vessels, industry fleet
capacity, restrictions imposed by the Jones Act and related regulations
on the amount of foreign ownership of the Company’s Common Stock,
operational risks, effects of adverse weather conditions and
seasonality, adequacy of insurance coverage, the ability to remediate
the material weaknesses the Company has identified in its internal
controls over financial reporting, the attraction and retention of
qualified personnel by the Company, and various other matters and
factors, many of which are beyond the Company’s control as well as those
discussed in “Risk Factors” included in the Information Statement filed
as Exhibit 99.1 to Amendment No. 3 to the Company’s Registration
Statement on Form 10 and other reports filed by the Company with the SEC.
It should be understood that it is not possible to predict or
identify all such factors. Consequently, the preceding should not
be considered to be a complete discussion of all potential risks or
uncertainties. Forward-looking statements speak only as of the
date of the document in which they are made. The Company disclaims any
obligation or undertaking to provide any updates or revisions to any
forward-looking statement to reflect any change in the Company’s
expectations or any change in events, conditions or circumstances on
which the forward-looking statement is based, except as required by law.
It is advisable, however, to consult any further disclosures the
Company makes on related subjects in its filings with the Securities and
Exchange Commission, including Annual Reports on Form 10-K,
Quarterly Reports on Form 10-Q and Current Reports on Form 8-K (if any).
These statements constitute the Company’s cautionary statements under
the Private Securities Litigation Reform Act of 1995.

About SEACOR Marine

SEACOR Marine provides global marine and support transportation services
to offshore oil and gas exploration, development and production
facilities worldwide. SEACOR Marine currently operates a diverse fleet
of offshore support and specialty vessels that deliver cargo and
personnel to offshore installations; handle anchors and mooring
equipment required to tether rigs to the seabed; tow rigs and assist in
placing them on location and moving them between regions; provides
construction, well workover and decommissioning support; and carry and
launch equipment used underwater in drilling and well installation,
maintenance and repair. Additionally, SEACOR Marine’s vessels provide
accommodations for technicians and specialists, safety support and
emergency response services.

Please visit SEACOR Marine’s website at www.seacormarine.com
for additional information.

Contacts

SEACOR Marine Holdings Inc.
Erica Bartsch, 212-446-1875
[email protected]