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Press release from Marketwire

Transocean Ltd. Provides Proxy Statement and 2010 Annual Report

Friday, April 01, 2011

Transocean Ltd. Provides Proxy Statement and 2010 Annual Report12:00 EDT Friday, April 01, 2011ZUG, SWITZERLAND--(Marketwire - April 01, 2011) - Transocean Ltd. (NYSE: RIG) (SIX: RIGN) today announced that its Proxy Statement and 2010 Annual Report are available through the company's website at http://www.deepwater.com/proxymaterials.cfm. In addition, print copies are being mailed to the company's shareholders of record in advance of the company's 2011 Annual General Meeting, which will be held at 4 p.m., CEST, on May 13, 2011, in Cham, Switzerland.Transocean is the world's largest offshore drilling contractor and the leading provider of drilling management services worldwide. With a fleet of 137 mobile offshore drilling units as well as one ultra-deepwater newbuild drillship and three high-specification jackups under construction, Transocean'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. Transocean owns or operates a contract drilling fleet of 47 High-Specification Floaters (Ultra-Deepwater, Deepwater and Harsh-Environment semisubmersibles and drillships), 25 Midwater Floaters, nine High-Specification Jackups, 53 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.FOR FURTHER INFORMATION PLEASE CONTACT: Gregory S. PanagosAnalyst Contact:+1 713-232-7551ORGuy A. CantwellMedia Contact:+1 713-232-7647