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Transocean Ltd. Issues Release Related to Macondo Insurance Matters

June 17, 2011

On June 17, 2011, certain insurance companies of our excess liability policies filed a Complaint for Interpleader with the Multi-District Litigation Panel overseeing the Macondo litigation regarding the insurance proceeds to be paid pursuant to the $150 million first layer of our excess liability coverage to ensure that correct payments are made to the proper persons and entities according to the court’s oversight.

For more information, please read the Form 8-K filed with the United States Securities and Exchange Commission by clicking here.