Cal Dive to Review 4Q and 2002 Annual Earnings With Investors

Cal Dive International, Inc. will conduct a conference call regarding its financial and operational results for the fourth quarter and the year 2002 on Tuesday, February 18, at 10 a.m. Central Standard Time. A shareholders' report summarizing these results is planned for distribution after the market closes on Monday, February 17, 2003. Investors will be able to obtain the shareholders' report and listen to the live conference call broadcast from the Investor Relations page at www.caldive.com . A replay will be available by selecting the Audio Archives link from the same page.