Trico Marine Services Appoints Group Treasurer and Director of Financial Planning

HOUSTON, Aug 29, 2008 (GlobeNewswire via COMTEX) -- LCC | Quote | Chart | News | PowerRating -- Trico Marine Services, Inc. (Nasdaq:TRMA) announces the appointment of Stephen Morrell as the Trico Group Treasurer and Director of Financial Planning.

Steve has over 15 years of financial experience, including over ten years with US Airways where he served in various capacities including as Vice President - Finance and Treasurer. Steve has experience developing and implementing comprehensive financing plans and was primarily responsible for all corporate finance activities while at US Airways. Steve is a graduate of University of Rochester with a degree (with distinction) in Economics and an MBA from Duke University. Steve spent seven years in the US Navy attaining the rank of Lieutenant. Steve will report directly to Geoff Jones, Chief Financial Officer of Trico Marine Services, Inc.

"We are delighted to welcome Steve to the Trico management team," commented Trico's Chief Executive Officer, Joseph S. Compofelice. "His years of financial and capital structure experience will greatly benefit Trico as we continue to implement our strategic plan. We are confident that he will make a significant positive impact and should help us deliver increased shareholder value."

About Trico

Trico Marine is an integrated provider of subsea, trenching and marine support vessels and services. Trico Marine recently increased its subsea market presence through its acquisition of DeepOcean, a recognized market leader in the provision of high quality subsea services including, IMR, survey and construction support, subsea intervention and decommissioning, marine trenching and the laying and burying of subsea cable. DeepOcean controls a well equipped fleet of 14 vessels and operates a fleet of modern ROVs and trenching equipment. Trico Marine also continues to provide a broad range of marine support services to the oil and gas industry through use of its diversified fleet of vessels including the transportation of drilling materials, supplies and crews to drilling rigs and other offshore facilities; towing drilling rigs and equipment, and support for the construction, installation, repair and maintenance of offshore facilities. Trico Marine is headquartered in Houston, Texas and has a global presence with operations in the North Sea, West Africa, Mexico, Brazil and Southeast Asia as well as the Gulf of Mexico.

For more information about Trico Marine Services, Inc. visit us on the web at www.tricomarine.com.

The Trico Marine Services, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5229

Certain statements in this press release that are not historical fact may be "forward-looking statements." Actual events may differ materially from those projected in any forward-looking statement. There are a number of important factors involving risks and uncertainties beyond the control of the Company that could cause actual events to differ materially from those expressed or implied by such forward-looking statements. A description of risks and uncertainties relating to Trico Marine Services, Inc. and its industry and other factors, which could affect the Company's results of operations or financial condition, are included in the Company's Securities and Exchange Commission filings. Trico undertakes no obligation to publicly update or revise any forward-looking statements to reflect events or circumstances that may arise after the date of this report.

This news release was distributed by GlobeNewswire, www.globenewswire.com

SOURCE: Trico Marine Services, Inc.

Trico Marine Services, Inc. Geoff Jones, VP & Chief Financial Officer (713) 780-9926

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