NYSE: RIG 9.51 0.31 3.16% 4:03 P.M. ET
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Transocean Inc. to Host Analyst Meeting

May 22, 2003

HOUSTON--(BUSINESS WIRE)--May 22, 2003--Transocean Inc. (NYSE:RIG) today announced that members of its senior management will host an analyst meeting in New York City, on the afternoon of Wednesday, May 28, 2003. The meeting will be held in the Boardroom of the New York Stock Exchange beginning at 1:00 pm ET and is expected to conclude by 3:00 pm.

A live, listen-only webcast of the event will be offered. The webcast will be publicly accessible through the company's website at www.deepwater.com. Go to the Investor Relations section and locate the link entitled "Business Review - May 28, 2003." A listen-only Telephone option is also available and can be accessed by dialing 706-679-0023 and entering password 108328. It is recommended that participants utilizing the webcast or the telephonic option should plan to access the call 10 minutes prior to the scheduled start.

Transocean Inc. is the world's largest offshore drilling contractor with more than 170 full or partially owned and managed mobile offshore drilling units, inland drilling barges and other assets utilized in the support of offshore drilling activities worldwide. The company's mobile offshore drilling fleet is considered one of the most modern and versatile in the world with 13 fifth-generation semisubmersibles and drillships, 15 other deepwater semisubmersibles and drillships, 32 mid-water semisubmersibles and drillships and 55 jackup drilling rigs. Transocean Inc. specializes in technically demanding segments of the offshore drilling business, including industry-leading positions in deepwater and harsh environment drilling services. With a current equity market capitalization in excess of $7 billion, the company's ordinary shares are traded on the New York Stock Exchange under the symbol "RIG."

CONTACT:
Transocean Inc., Houston
Analyst Contact:
Jeffrey L. Chastain, 713/232-7551
or
Media Contact:
Guy A. Cantwell, 713/232-7647

SOURCE: Transocean Inc.