Noble Corporation Board Schedules Previously Approved Regular Capital Reduction Payment to Shareholders

Noble Corporation

today reported that the Company's Board has set the record and payment date for a payment to shareholders in the form of a capital reduction. On April 29, 2011, the shareholders of the Company approved a return of capital to shareholders through a reduction in par value in an aggregate amount equal to 0.52 Swiss francs per share, which dividend in the form of par value reduction is to be paid in four equal installments. This installment payment is the third of these installments and will be in the amount of CHF 0.13 per share. The ex-dividend date for the payment of this third installment of the capital reduction is expected to be February 9, 2012, with a record date of February 13, 2012 and a payment date of February 23, 2012, subject to a required filing with the Swiss Commercial Register.