Rowan Provides Fleet Contract Status Update

Rowan Companies plc

announced today that its report of drilling rig status and contract information has been updated as of October 14, 2015.  The report titled "Fleet Status Report" can be found on the Company's website at www.rowan.com. Notable events in the current report include: Rowan Renaissance: Rig commenced drilling operations in the U.S. Gulf of Mexico on September 8, 2015. Rowan Gorilla IV: Awarded a 300-day contract in the U.S. Gulf of Mexico commencing in direct continuation of the prior contract. The day rate during each well of the contract will be either $70k or $75k depending on its location. Joe Douglas: Rig commenced operations in Trinidad on September 28, 2015. Cecil Provine and Gorilla II: Cold Stacked The Company continues to estimate planned out-of-service time for the full-year of 2015 to range from 3% to 6% for its jack-ups and drillships, subject to fleet repositioning and market conditions. No operational downtime is included in projected out-of-service days, but the Company estimates jack-up operational downtime to account for approximately 2.5% of in-service days in current and future quarters.  Rowan continues to expect drillship operational downtime to be approximately 5% after a break-in