Hornbeck Offshore Adopts New Shareholder Rights Plan

Hornbeck Offshore Services

("the "Company") announced today that its Board of Directors adopted a new stockholder rights plan (the "New Rights Plan") to replace the Company's previous stockholder rights plan that expired on June 17, 2013 (the "Expired Rights Plan"). Similar to the Expired Rights Plan, the New Rights Plan is designed to enable all stockholders to realize the full value of their investment and to provide for fair and equal treatment for stockholders if an unsolicited attempt is made to acquire the Company.  Further, by providing defenses against the accumulation of Company stock by third parties, the Board feels that the New Rights Plan provides the Company with another tool to protect its U.S. citizenship qualification under U.S. maritime law. The Board of Directors adopted the New Rights Plan as a matter of prudent corporate governance following careful consideration and evaluation.  The Company stated that the rights are not being issued in response to any outside effort to gain control of the Company, and that it is not aware of any attempt to do so. To implement the plan, the Board of Directors has declared a dividend distribution of one right