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Transocean Ltd. Announces Exchange Rate in Proposed US$ 1.0 Billion Distribution to Shareholders

Transocean Ltd. Announces Exchange Rate in Proposed US$ 1.0 Billion Distribution to Shareholders 12 May 2010 Transocean Ltd. today announced the applicable exchange rate to determine the Swiss franc ("CHF") amount of the proposed cash distribution to shareholders in the form of a par value reduction equal to USD 3.11 per issued share (including treasury shares) to be calculated and paid in four quarterly installments... Shareholders will have the opportunity to vote on the proposed cash distribution at the Annual General Meeting to be held in Zug, Switzerland, on May 14, 2010.