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Transocean Ltd. Receives Approval to List Shares on Six Swiss Exchange Starting April 20, 2010

ZUG, SWITZERLAND—Transocean Ltd., the world’s largest offshore drilling contractor, announced today that SIX Swiss Exchange ( “SIX”) has approved the listing and trading of Transocean’s shares on SIX, starting April 20, 2010. The shares will be traded under the symbol “RIGN.”

 

          Transocean is incorporated in Switzerland and is listing its shares on SIX to widen and diversify its shareholder base. Based on the company’s current market capitalization, its shares are expected to be included in the Swiss Market Index (SMI®) (and the SLI Swiss Leader Index) after stock market close on September 17, 2010. If Transocean meets certain conditions upon listing of its shares on SIX, its shares may qualify for early inclusion in the SMI®. The shares of Transocean will be included in the Swiss Performance Index (SPI®) on the second day of trading, April 21, 2010.

Also, Transocean’s shares will continue to be listed on the New York Stock Exchange under the symbol “RIG.”

 

        With more than 50 years of offshore drilling experience and more than 18,000 personnel worldwide, Transocean leases offshore drilling rigs and provides related drilling services to customers, including national, major and independent energy companies.

 

        For the year 2009, Transocean Ltd. reported:

 

·Operating revenues of approximately $11.6 billion,

·Net income attributable to controlling interest of approximately $3.2 billion, or $9.84 per diluted share,

·Net cash provided by operating activities of approximately $5.6 billion,

·Total assets of approximately $36.4 billion, and

·Total debt of approximately $11.7 billion.

 

         Statements regarding the timing of inclusion on the SMI, SLI and SPI and the diversification of Transocean’s shareholder base, as well as any other statements that are not historical facts, are forward-looking statements that involve certain risks, uncertainties and assumptions. These include but are not limited to actions by SIX, the indices, third parties and other factors detailed in Transocean’s most recent Form 10-K and other filings with the Securities and Exchange Commission (SEC), which are available free of charge on the SEC's website at www.sec.gov. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated.

 

        Transocean is the world's largest offshore drilling contractor and the leading provider of drilling management services worldwide. With a fleet of 140 mobile offshore drilling units plus three ultra-deepwater units under construction, the company's fleet is considered one of the most modern and versatile in the world due to its emphasis on technically demanding segments of the offshore drilling business. Its worldwide fleet is more than twice the size of the next-largest competitor. The company owns or operates a contract drilling fleet of 46 High-Specification Floaters (Ultra-Deepwater, Deepwater and Harsh-Environment semisubmersibles and drillships), 26 Midwater Floaters, 10 High-Specification Jackups, 55 Standard Jackups and other assets utilized in the support of offshore drilling activities worldwide.

 

        For more information about Transocean, please visit our website at www.deepwater.com. Among the documents posted on our web site is the Transocean Ltd. Proxy Statement and 2009 Annual Report.

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