Nabors Announces Adoption of Shareholder Rights Plan

Nabors Industries Ltd.

announced today that its Board of Directors has adopted a shareholder rights plan under which shareholders will receive rights to purchase shares of a new series of preferred stock. The rights will expire on July 16, 2013, unless extended or earlier redeemed or exchanged by Nabors pursuant to the terms of the plan. Further details about the plan will be contained in a current report on Form 8-K to be filed by the Company with the Securities and Exchange Commission.