PRESS RELEASE: Transocean Receives Shareholder Proposal

Transocean Ltd. / Transocean Receives Shareholder Proposal . Processed and transmitted by Thomson Reuters ONE. The issuer is solely responsible for the content of this announcement.

ZUG, SWITZERLAND--(Marketwire - March 7, 2013) - Transocean Ltd. (NYSE: RIG) (SIX: RIGN) today announced that certain Funds affiliated with Carl Icahn submitted to the company for vote at its 2013 Annual General Meeting of Shareholders ("AGM") a dividend proposal of $4.00 per share. Additionally, the Funds provided a notice of nomination of 3 director candidates for election to Transocean's Board of Directors at its 2013 AGM and a proposal to repeal the company's staggered board. The Transocean Board of Directors will evaluate the proposals in due course. Contact: Guy Cantwell 713-232-7647

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Source: Transocean Ltd. via Thomson Reuters ONE [HUG#1683712]

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Transocean Ltd. Chemin de Blandonnet 10 Vernier Switzerland

ISIN: CH0048265513;

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   March 07, 2013 07:18 ET (12:18 GMT)- - 07 18 AM EST 03-07-13