Ensco plc Increases Cash Dividend 50% to $3.00 Per Share Annually

  Ensco plc Increases Cash Dividend 50% to $3.00 Per Share Annually

         Second Increase to Regular Quarterly Cash Dividend This Year

         Ensco’s Dividend Yield Now Among Top 5% of S&P 500 Companies

Business Wire

LONDON -- November 5, 2013

Ensco plc (NYSE: ESV) announced today that its Board of Directors has declared
a regular quarterly cash dividend of US$0.75 per Class A ordinary share
payable on 20 December 2013 to holders of Ensco’s shares as of the 9 December
2013 record date. The prior quarterly dividend was $0.50 per share.

Based upon today’s closing stock price of $57.07 per share and the new $3.00
per share annualized dividend, Ensco’s dividend yield is approximately 5.3%.
This is among the top 5% of all S&P 500 companies. The new annualized dividend
is approximately 55% of Ensco’s trailing twelve months earnings per share.

Chairman, President and Chief Executive Officer Dan Rabun stated, “Our strong
balance sheet, $11 billion in contracted revenue backlog and positive outlook
for future earnings and cash flow growth support this increase to our
quarterly cash dividend. Our active fleet has grown with the commencement of
four additional rigs during the past year alone and we will continue to grow
our active fleet as we deliver six new rigs currently under construction.”

Mr. Rabun added, “Management and the Board believe the new dividend payout is
prudent and sustainable, as well as responsive to investors who have shared
constructive feedback regarding returning more capital to shareholders. We
expect to continue to have adequate liquidity to fund our rigs under
construction, while maintaining flexibility to return additional capital to
shareholders and invest in new rigs that leverage our intellectual property.”

Today’s dividend increase announcement is the second by Ensco this year. On 26
February 2013, the Company announced a 33% dividend increase to $0.50 per
share. On 20 May 2013, Ensco’s shareholders approved a $2 billion share
buyback authorization over a five-year period.

As of 30 September 2013, Ensco’s total debt-to-capital ratio was 28%, the
second lowest among major offshore drilling contractors. Cash and cash
equivalents totaled $325 million and a $2 billion revolving credit facility
was fully available.

Ensco plc (NYSE: ESV) brings energy to the world as a global provider of
offshore drilling services to the petroleum industry. For more than 25 years,
the company has focused on operating safely and exceeding customer
expectations. Ensco is ranked #1 for total customer satisfaction with top
honors in 10 of 16 categories in the most recent annual survey by EnergyPoint
Research. Operating the world’s newest ultra-deepwater fleet and largest fleet
of premium jackups, Ensco has a major presence in the most strategic offshore
basins across six continents. Ensco plc is an English limited company (England
No. 7023598) with its registered office and corporate headquarters located at
6 Chesterfield Gardens, London W1J 5BQ. To learn more, visit our website at
www.enscoplc.com.

Statements contained in this press release that are not historical facts are
forward-looking statements within the meaning of Section 27A of the Securities
Act of 1933 and Section 21E of the Securities Exchange Act of
1934.Forward-looking statements include words or phrases such as
“anticipate,” “believe,” “estimate,” “expect,” “intend,” “plan,” “project,”
“could,” “may,” “might,” “should,” “will” and similar words and specifically
include statements regarding expected financial performance, day rates and
backlog; and general market, business and industry conditions, trends and
outlook. Such statements are subject to numerous risks, uncertainties and
assumptions that may cause actual results to vary materially from those
indicated, including downtime and other risks associated with offshore rig
operations; and possible cancellation or suspension of drilling contracts as a
result of mechanical difficulties, performance or other reasons. In addition
to the factors described above, you should also carefully read and consider
“Item 1A. Risk Factors” in Part I and “Item 7. Management’s Discussion and
Analysis of Financial Condition and Results of Operations” in Part II of our
most recent annual report on Form 10-K, which is available on the SEC’s
website at www.sec.gov or on the Investor Relations section of our website at
www.enscoplc.com. Each forward-looking statement speaks only as of the date of
the particular statement, and we undertake no obligation to publicly update or
revise any forward looking statements, except as required by law.

Contact:

Ensco plc
Investor Contacts:
Sean O’Neill, 713-430-4607
Vice President - Investor Relations and Communications
or
Nick Georgas, 713-430-4490
Manager - Investor Relations
or
Media Contact:
Alice Brink, 713-430-4658
Manager - Communications
 
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