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Transocean Ltd.
today
announced the schedule for the payment of the first installment of its U.S.
dollar-denominated dividend. The installment of $0.75 per share, or
approximately $271 million, is based upon the number of currently outstanding
shares. The installment represents the first of four quarterly installments
totaling $3.00 per share, or approximately $1.1 billion in the aggregate, from
additional paid-in capital ("APIC") approved by shareholders at the company's
2014 Annual General Meeting held on May 16, 2014.
2014 Dividend Schedule - First Installment
o May 28, 2014 - Ex-Dividend Date
o May 30, 2014 - Record Date
o June 18, 2014 - Installment Payment Date
Currency Election Period
On or about June 16, 2014, the dividend payment will be converted into Swiss
francs ("CHF") by Computershare. The equivalent CHF per share will be posted
to the company's website at www.deepwater.com. Shareholders who wish to
receive the payment in CHF must make their election between 5 p.m. EDT (11
p.m. CEST) on June 2, 2014 and 8 p.m. EDT on June 6, 2014 (2 a.m. CEST June 7,
2014).
Holders of shares registered in the share register who would like to receive
this payment in CHF must send their election during the election period, in
writing, to the following address:
o Computershare Attn: Steven Myers, 480 Washington Boulevard, 29^th Floor,
Jersey City, NJ 07310 USA
o Email: steven.myers@computershare.com
o Phone: +1 201-680-5333
If you hold your shares in the name of a bank, broker or nominee, you must
contact them directly to make the election arrangements.
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