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Transocean Ltd. Provides Proxy Statement and 2011 Annual Report

April 9, 2012

ZUG, SWITZERLAND, Apr 09, 2012 (MARKETWIRE via COMTEX) --Transocean Ltd. (NYSE: RIG) (SIX: RIGN) today announced that its Proxy Statement and 2011 Annual Report are available through the company's website at http://www.deepwater.com/proxymaterials.cfm. In addition, print copies are being mailed to the company's shareholders of record in advance of the company's 2012 Annual General Meeting, which will be held at 4 p.m. CEST, on May 18, 2012, in Cham, Switzerland.

About Transocean Transocean is a leading international provider of offshore contract drilling services for oil and gas wells. Transocean owns or has partial ownership interests in and operates a fleet of 130 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, 45 Standard Jackups and one swamp barge. In addition, we have two Ultra-Deepwater Drillships and four High-Specification Jackups under construction. Transocean 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.

SOURCE: Transocean Ltd.