On March 12, 2014, the Board of Directors of Gulf Island Fabrication Inc. appointed each of Murray W. Burns, William E. Chiles and Michael J. Keeffe to serve as a director of the company, effective March 13, 2014. Messrs. Chiles and Burns will serve as Class I directors each with a term to expire at the Company's 2016 annual meeting of shareholders.

Mr. Keeffe will serve as a Class III director with a term to expire at the Company's 2015 annual meeting of shareholders. Prior to his retirement in 2011, Mr. Keeffe was a Senior Audit Partner with Deloitte & Touche LLP. He has 35 years of public accounting experience at Deloitte & Touche directing financial statement audits of public companies, principally in the oil field service and engineering and construction industries, most with significant international operations.

William E. Chiles was President, CEO and a director of Bristow Group Inc. since 2004.