CORPORATE EVENT: Pride International Inc. ("PDE")

Pride International Inc. (“PDE”) has announced a distribution of Seahawk Drilling, Inc. (“HAWK”) Common Shares. The distribution ratio is approximately .066667 HAWK Common Shares

 per PDE Common Share. The record date is August 14, 2009; the mail date is August 24, 2009. The New York Stock Exchange (“NYSE”) has set August 25, 2009 as the ex-distribution

of the distribution.

The NYSE has determined due-bills for the HAWK distribution must accompany each PDE Share delivered after August 14, 2009 in settlement of PDE transactions made prior to the ex-

date. Seahawk Drilling, Inc. began trading “when issued” on the NASDAQ Global Select Market under the symbol “HAWKV” on August 13, 2009.

This action will be coordinated with the Options Clearing Corporation.

For the full text of this advisory...