Noble Corporation Board To Recommend Increase In Dividend For 2013-2014 Cycle

Noble Corporation Board To Recommend Increase In Dividend For 2013-2014 Cycle

PR Newswire

ZUG, Switzerland, Feb. 4, 2013

ZUG, Switzerland, Feb. 4, 2013 /PRNewswire/ -- Noble Corporation (NYSE: NE)
today reported that the Company's Board will recommend that shareholders
approve an increase in the Company's dividend for the 2013-2014 dividend
cycle. The proposed increase will be submitted for shareholder approval and
authorization at the annual general meeting in April 2013.

The proposed dividend would be in the amount of USD $1.00 per share and would
be funded from the Company's capital contribution reserve. If approved by
shareholders, the dividend will be paid in four equal installments of USD
$0.25 per share with expected payment dates in August 2013, November 2013,
February 2014 and May 2014. Noble also announced that its 2013 annual general
meeting of shareholders will be held onFriday, April 26, 2013,at 3:00 p.m.
local time at the Park Hotel Zug in Zug, Switzerland.

About Noble Corporation

Noble is a leading offshore drilling contractor for the oil and gas industry.
Noble performs, through its subsidiaries, contract drilling services with a
fleet of 79 offshore drilling units (including five ultra-deepwater drillships
and six high-specification jackup drilling rigs currently under construction),
located worldwide, including in the U.S. Gulf of Mexico and Alaska, Mexico,
Brazil, the North Sea, the Mediterranean, West Africa, the Middle East, India
and Australia. Noble's shares are traded on the New York Stock Exchange under
the symbol "NE." Additional information on Noble Corporation is available on
the Company's Web site at

Participants in the Solicitation

Noble Corporation and its directors and officers may be deemed to be
participants in the solicitation of proxies from the Company's shareholders in
connection with the proposed increase in the Company's dividend. Information
about the directors and executive officers of Noble and their ownership of
Noble shares is set forth in the definitive proxy statement for Noble's 2012
annual general meeting, which was filed with the SEC on April 3, 2012, and in
any documents subsequently filed by its directors and executive officers under
the Securities and Exchange Act of 1934, as amended.

Investors can obtain more information when the proxy statement relating to
shareholder approval of the increase in the Company's dividend at the 2013
annual general meeting becomes available. This proxy statement, and any other
documents filed by Noble with the SEC, may be obtained free of charge at the
SEC web site at or on the Company's website at
Investors should read the proxy statement carefully, when it becomes
available, before making any voting decision because it will contain important

This news release may contain "forward-looking statements" about the business,
financial performance and prospects of the Company. Statements about the
Company's or management's plans, intentions, expectations, beliefs, estimates,
predictions, or similar expressions for the future, including any statements
regarding the payment of any dividend, the timing or amount of such payment or
the anticipated tax treatment of any such payment, are forward-looking
statements that involve certain risks, uncertainties and assumptions. No
assurance can be given that the outcomes of these forward-looking statements
will be realized, and actual results could differ materially from those
expressed as a result of various factors. A discussion of these factors,
including risks and uncertainties, is set forth from time to time in the
Company's filings with the U.S. Securities and Exchange Commission.

SOURCE Noble Corporation

Contact: Investors, Jeffrey L. Chastain, Vice President - Investor Relations
and Corporate Communications, +1-281-276-6383 or Media, John S. Breed,
Director of Investor Relations and Corporate Communications, +1-281-276-6729,
both of Noble Drilling Services Inc.
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