Transocean Shareholders Approve Dividend; J. Michael Talbert Named Chairman

Transocean Ltd. RIG announced that its shareholders approved a dividend of approximately U.S. $1 billion at the 2011 Annual General Meeting held today at Cham, Switzerland. In addition, the company's Board of Directors elected J. Michael Talbert as Chairman of the Board of Directors, replacing Robert E. Rose, who retired following the 2011 Annual General Meeting. Victor E. Grijalva also retired after the meeting.