Seacor Holdings Inc. (NYSE:CKH) agreed to spin off Era Group Inc. on January 14, 2013. On the distribution date of January 31, 2013, SEACOR stockholders of record as of 5 p.m. EST on January 24, 2013, the record date for the distribution, will receive one share of Era Group common stock for every share of SEACOR common stock they hold. No action or payment is required by SEACOR stockholders to receive the shares of Era Group common stock.

SEACOR common stock shares will continue to trade on the NYSE under the symbol CKH through and after the January 31, 2013 distribution date. Any holders of SEACOR common stock who sell their shares on or before January 31, 2013, will also be selling their right to receive shares of Era Group common stock. It is anticipated that SEACOR common stock will also trade ex-distribution (that is, without the right to receive shares of Era Group common stock) on or about January 22, 2013, and continue through the distribution date, under the symbol "CKH WI".

Era Group common stock will begin trading on a "when-issued" basis on the NYSE under the symbol "ERA WI" beginning on January 22, 2013. On February 1, 2013, when-issued trading of Era Group common stock will end and "regular-way" trading under the symbol "ERA" will begin. The completion of the spin - off is subject to the satisfaction or waiver of a number of conditions, including the Registration Statement on Form 10 for the Era Group common stock being declared effective by the Securities and Exchange Commission, the Era Group common stock being authorized for listing on the NYSE and certain other conditions.

Deutsche Bank Alex. Brown Inc. acted as financial advisor Seacor. Goldman, Sachs & Co.

and JPMorgan Chase & Co. acted as the financial advisor for Seacor Holdings.