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Transocean Ltd. Shareholders Approve All Proposals at Annual General\r Meeting

May 18, 2012

ZUG, SWITZERLAND, May 18, 2012 (MARKETWIRE via COMTEX) --Transocean Ltd. (NYSE: RIG) (SIX: RIGN) announced that itsshareholders elected three new members and reelected two currentmembers to the Board of Directors and approved all other agenda itemsat the company's 2012 Annual General Meeting in Cham, Switzerland,today.

Glyn Barker, Vanessa C.L. Chang and Chad Deaton were elected as newClass I Directors, each for a three-year term, and Edward R. Mullerand Tan Ek Kia were reelected as Class I Directors, each for athree-year term.

Shareholders also approved the meeting's other agenda items, asfollows:

--  The 2011 Annual Report, including the consolidated financial    statements for fiscal year 2011 and the statutory financial statements    for fiscal year 2011.--  The appropriation of available earnings for fiscal year 2011.--  An advisory vote approving the compensation of the company's named    executive officers.--  The appointment of Ernst & Young LLP as the company's independent    registered public accounting firm for fiscal year 2012 and the    reelection of Ernst & Young Ltd., Zurich, as the company's auditor    for another one-year term.

About Transocean Transocean is a leading international provider ofoffshore contract drilling services for oil and gas wells. We own orhave partial ownership interests in and operate a fleet of 129 mobileoffshore drilling units consisting of 50 High-Specification Floaters(Ultra-Deepwater, Deepwater and Harsh-Environment semisubmersiblesand drillships), 25 Midwater Floaters, nine High-SpecificationJackups, 44 Standard Jackups and one swamp barge. In addition, wehave two Ultra-Deepwater drillships and four High-SpecificationJackups under construction. The company specializes in technicallydemanding sectors of the global offshore drilling business with aparticular focus on deepwater and harsh environment drillingservices. We believe we operate one of the most versatile offshoredrilling fleets in the world.

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

SOURCE: Transocean Ltd.