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Transocean Ltd: Transocean Ltd. Announces Schedule For Third Dividend Installment And Currency Election Period



    Transocean Ltd: Transocean Ltd. Announces Schedule For Third Dividend
                   Installment And Currency Election Period

ZUG, SWITZERLAND-Transocean Ltd. (NYSE: RIG) (SIX: RIGN) today announced the
schedule for the payment of the third installment of its U.S.
dollar-denominated dividend. The installment of $0.56 per share, or
approximately $202 million, is based upon the number of currently outstanding
shares.  The installment represents the third of four quarterly installments
totaling $2.24 per share, or approximately $808 million in the aggregate, from
additional paid in capital ("APIC") which was approved by shareholders at the
company's 2013 Annual General Meeting held on May 17, 2013.

Dividend Installment Schedule

  * November 13, 2013 - Ex-Dividend Date 

  * November 15, 2013 - Record Date 

  * December 18, 2013 - Installment Payment Date 

Currency Election Period

On or about December 16, 2013, the dividend payment will be converted into
Swiss francs ("CHF") by Computershare. The equivalent CHF per share will be
posted to the company's website at www.deepwater.com. Shareholders who wish to
receive the third dividend installment in CHF, must make their election
between 5 p.m. EST (11 p.m. CET) on November 18, 2013, and 8 p.m. EST on
November 22, 2013, (2 a.m. CET November 23, 2013).

Holders of shares registered in the share register who would like to receive
the third dividend installment in CHF must send their election, in writing, to
the following address during the election period:

  * Computershare Attn: Steven Myers, 480 Washington Boulevard, 29^th Floor,
    Jersey City, NJ 07310 USA 

  * Email: steven.myers@computershare.com  

  * Phone: +1 201-680-5333 

If you hold your shares in the name of a bank, broker or nominee, please
contact your bank, broker or nominee to make the election arrangements.

NOTE: NO ACTION IS REQUIRED IF YOU WISH TO RECEIVE YOUR DIVIDEND IN U.S.
DOLLARS.

Forward-Looking Statements

The statements described 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 which could be made include, but are not limited
to, the dividend and timing of dividend payments.  These include but are not
limited to operating hazards and delays, risks associated with international
operations, actions by customers and other third parties, the future prices of
oil and gas and other factors, including those discussed in the company's most
recent Form 10-K for the year ended December 31, 2012 and in the company's
other filings with the SEC, which are available free of charge on the SEC's
website at www.sec.gov. Should one or more of these risks or uncertainties
materialize (or the other consequences of such a development worsen), or
should underlying assumptions prove incorrect, actual results may vary
materially from those indicated or expressed or implied by such
forward-looking statements. All subsequent written and oral forward-looking
statements attributable to the company or to persons acting on our behalf are
expressly qualified in their entirety by reference to these risks and
uncertainties. You should not place undue reliance on forward-looking
statements. 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. All non-GAAP financial measure
reconciliations to the most comparative GAAP measure are displayed in
quantitative schedules on the company's website at www.deepwater.com.

This press release does not constitute an offer to sell, or a solicitation of
an offer to buy, any securities, and it does not constitute an offering
prospectus within the meaning of article 652a or article 1156 of the Swiss
Code of Obligations or a listing prospectus within the meaning of the listing
rules of the SIX Swiss Exchange. Investors must rely on their own evaluation
of Transocean Ltd. and its securities, including the merits and risks
involved. Nothing contained herein is, or shall be relied on as, a promise or
representation as to the future performance of Transocean Ltd.

About Transocean

Transocean is a leading international provider of offshore contract drilling
services for oil and gas wells. The company specializes in technically
demanding sectors of the global offshore drilling business with a particular
focus on deepwater and harsh environment drilling services, and believes that
it operates one of the most versatile offshore drilling fleets in the world.

Transocean owns or has partial ownership interests in, and operates a fleet
of, 80 mobile offshore drilling units consisting of 46 high-specification
floaters (ultra-deepwater, deepwater and harsh-environment drilling rigs), 22
midwater floaters and 12 high-specification jackups. In addition, the company
has seven ultra-deepwater drillships under construction.

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

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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This announcement is distributed by Thomson Reuters on behalf of Thomson
Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
the
information contained therein.

Source: Transocean Ltd via Thomson Reuters ONE
HUG#1740835
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