Gulf Island Fabrication, Inc. Declares Dividend on Common Stock

  Gulf Island Fabrication, Inc. Declares Dividend on Common Stock

Business Wire

HOUMA, La. -- April 25, 2013

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 14.5 million shares of common stock
outstanding.

The dividend was declared during a regular meeting of the board held on April
25, 2013 and is payable May 31, 2013, to shareholders of record on May 14,
2013.

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, liftboats, offshore supply
vessels, dry docks, 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.
Kirk J. Meche, 985-872-2100
President and Chief Executive Officer/Interim Chief Financial Officer
 
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