Transocean Ltd. Announces Schedule for Second Dividend Installment of $0.79/Share

Transocean Ltd. RIG today announced the schedule for the second installment of its dividend of approximately U.S. $1 billion to be paid out of additional paid in capital. The second installment is $0.79 per outstanding share, or approximately $252.7 million in total, based on the current number of the company's outstanding shares. The dividend is denominated in U.S. dollars and represents the second of four installments totaling $3.16 per outstanding share. The dividend was approved by shareholders at the company's Annual General Meeting on May 13, 2011.