Transocean Ltd. Shareholders Approve All Proposals at Annual General Meeting

Transocean Ltd. Shareholders Approve All Proposals at Annual General Meeting

ID: 148193

(Thomson Reuters ONE) -
Transocean Ltd. /
Transocean Ltd. Shareholders Approve All Proposals at Annual General Meeting
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ZUG, SWITZERLAND--(Marketwire - May 18, 2012) - Transocean Ltd. (NYSE: RIG)
(SIX: RIGN) announced that its shareholders elected three new members and
reelected two current members to the Board of Directors and approved all other
agenda items at the company's 2012 Annual General Meeting in Cham, Switzerland,
today.

Glyn Barker, Vanessa C.L. Chang and Chad Deaton were elected as new Class I
Directors, each for a three-year term, and Edward R. Muller and Tan Ek Kia were
reelected as Class I Directors, each for a three-year term.

Shareholders also approved the meeting's other agenda items, as follows:

* The 2011 Annual Report, including the consolidated financial statements for
fiscal year 2011 and the statutory financial statements for fiscal year
2011.
* The appropriation of available earnings for fiscal year 2011.
* An advisory vote approving the compensation of the company's named executive
officers.
* The appointment of Ernst & Young LLP as the company's independent registered
public accounting firm for fiscal year 2012 and the reelection of Ernst &
Young Ltd., Zurich, as the company's auditor for another one-year term.
About Transocean
Transocean is a leading international provider of offshore contract drilling
services for oil and gas wells. We own or have partial ownership interests in
and operate a fleet of 129 mobile offshore drilling units consisting of 50 High-
Specification Floaters (Ultra-Deepwater, Deepwater and Harsh-Environment
semisubmersibles and drillships), 25 Midwater Floaters, nine High-Specification
Jackups, 44 Standard Jackups and one swamp barge. In addition, we have two




Ultra-Deepwater drillships and four High-Specification Jackups under
construction. The company specializes in technically demanding sectors of the
global offshore drilling business with a particular focus on deepwater and harsh
environment drilling services. We believe we operate one of the most versatile
offshore drilling fleets in the world.

For more information about Transocean, please visit the website at
www.deepwater.com.

Contact Information

Analyst Contacts:
Thad Vayda
+1 713-232-7551

Diane Vento
+1 713-232-8015

Media Contact:
Guy A. Cantwell
+1 713-232-7647






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originality of the information contained therein.

Source: Transocean Ltd. via Thomson Reuters ONE
[HUG#1613368]


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Datum: 18.05.2012 - 17:47 Uhr
Sprache: Deutsch
News-ID 148193
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