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Cal Dive Announces Completion of Secondary Stock Offering

Houston (ots-PRNewswire) - Cal Dive International, Inc. (Nasdaq:
CDIS) today announced the completion of the sale of 2,493,104 shares of common stock offered by certain shareholders at a price of $33.50. Cal Dive did not receive any proceeds from the offering. Certain selling shareholders also have granted the underwriters an option to purchase 373,966 additional shares to cover over-allotments, if any. The public offering was lead managed by Morgan Stanley Dean Witter and co-managed by Raymond James & Associates and Simmons & Company International.

Cal Dive International, headquartered in Houston, Texas, is a leading subsea services contractor which operates the largest fleet of permanently deployed dynamically positioned support vessels in the Gulf of Mexico.

A copy of the final prospectus covering these securities may be obtained from Morgan Stanley Dean Witter, 1585 Broadway, New York, N.Y. 10036, Attn.: Prospectus Department 212-761-4000.

ots Originaltext: Cal Dive International, Inc.
Im Internet recherchierbar: http://www.newsaktuell.de

CONTACT: Jim Nelson, Chief Financial Officer of Cal Dive International, Inc., 281-618-0400/

Company News On-Call: http://www.prnewswire.com or fax, 800-758-5804, ext. 124374/

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