On November 9, 2007, Shareholders of Transocean Inc. (RIG) approved the proposed reclassification of RIG Ordinary Shares in connection with the merger with GlobalSantaFe Corporation (GSF). Once the reclassification becomes effective, each existing RIG Ordinary Share will be converted into the right to receive .6996 RIG Common Shares plus $33.03. Cash will be paid in lieu of fractional RIG shares.

This corporate event will be coordinated with the Options Clearing Corporation.

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