Gulf Island Fabrication, Inc. Declares Dividend on Common Stock

  Gulf Island Fabrication, Inc. Declares Dividend on Common Stock

Business Wire

HOUMA, La. -- October 26, 2012

Gulf Island Fabrication, Inc. (NASDAQ: GIFI), announced today that its board
of directors declared a dividend of $0.10 per share on Gulf Island
Fabrication, Inc.’s approximately 14.4 million shares of common stock
outstanding.

The dividend was declared during a regular meeting of the board held on
October 25, 2012 and is payable November 27, 2012 to shareholders of record on
November 12, 2012.

Gulf Island Fabrication, Inc., based in Houma, Louisiana, is a leading
fabricator of offshore drilling and production platforms, hull and/or deck
sections of floating production platforms and other specialized structures
used in the development and production of offshore oil and gas reserves. These
structures include: jackets and deck sections of fixed production platforms;
hull and/or deck sections of floating production platforms (such as tension
leg platforms (“TLPs”), “SPARs”, “FPSOs” and MinDOCs”), piles, wellhead
protectors, subsea templates and various production, compressor and utility
modules, offshore living quarters, towboats, lift-boats, tanks  and barges. 
The Company also provides offshore interconnect pipe hook-up, inshore marine
construction, manufacture and repair of pressure vessels, heavy lifts such as
ship integration and TLP module integration, loading and offloading of jack-up
drilling rigs, semi-submersible drilling rigs, TLPs, SPARs, or other similar
cargo, onshore and offshore scaffolding, piping insulation services, and steel
warehousing and sales.

Contact:

Gulf Island Fabrication, Inc.
Kerry J. Chauvin, 985-872-2100
Chief Executive Officer
or
Roy F. Breerwood, III, 985-872-2100
Chief Financial Officer
 
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