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    Oceaneering Board Approves Two-for-One Stock Split

    May 12, 2006

    May 12, 2006 – Houston, Texas – Oceaneering International, Inc. (NYSE:OII) announced that its Board of Directors declared a two-for-one common stock split to be accomplished by means of a stock dividend. Based on the current number of shares outstanding, the split will increase Oceaneering’s total shares outstanding from approximately 26.9 million to 53.8 million.

    PR 947

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