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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 itsProxy Statement and 2011 Annual Report are available through thecompany's website at http://www.deepwater.com/proxymaterials.cfm. Inaddition, print copies are being mailed to the company's shareholdersof 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 ofoffshore contract drilling services for oil and gas wells. Transoceanowns or has partial ownership interests in and operates a fleet of130 mobile offshore drilling units consisting of 50High-Specification Floaters (Ultra-Deepwater, Deepwater andHarsh-Environment semisubmersibles and drillships), 25 MidwaterFloaters, nine High-Specification Jackups, 45 Standard Jackups andone swamp barge. In addition, we have two Ultra-Deepwater Drillshipsand four High-Specification Jackups under construction. Transoceanspecializes in technically demanding sectors of the global offshoredrilling business with a particular focus on deepwater and harshenvironment drilling services. We believe we operate one of the mostversatile offshore drilling fleets in the world.

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

SOURCE: Transocean Ltd.