1) Tidewater and GulfMark are working to evaluate combining office space, IT systems, and operations prior to their planned merger in order to execute on the strengths of the combined company. 2) GulfMark recently received an unsolicited acquisition offer from Harvey Gulf and will now evaluate this offer, though GulfMark continues to recommend its stockholders adopt the Tidewater merger agreement. 3) Tidewater remains committed to the GulfMark combination and will continue pre-merger efforts assuming the merger closes as expected, though the Harvey Gulf offer creates uncertainty in the industry.