Transocean Ltd. : Transocean Receives Shareholder Proposal

          Transocean Ltd. : Transocean Receives Shareholder Proposal

Transocean Ltd. / Transocean Receives Shareholder Proposal . Processed and
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ZUG, SWITZERLAND--(Marketwire - March 7, 2013) - Transocean Ltd. (NYSE: RIG)
(SIX: RIGN) today announced that certain Funds affiliated with Carl Icahn
submitted to the company for vote at its 2013 Annual General Meeting of
Shareholders ("AGM") a dividend proposal of $4.00 per share. Additionally, the
Funds provided a notice of nomination of 3 director candidates for election to
Transocean's Board of Directors at its 2013 AGM and a proposal to repeal the
company's staggered board. The Transocean Board of Directors will evaluate the
proposals in due course.

Contact:
Guy Cantwell
713-232-7647

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Source: Transocean Ltd. via Thomson Reuters ONE
HUG#1683712

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Transocean Ltd.
Chemin de Blandonnet 10 Vernier Switzerland

ISIN: CH0048265513;
 
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