STEINHAUSEN, Switzerland, April 19, 2023 (GLOBE NEWSWIRE) — On April 18, 2023, Transocean Ltd. published its quarterly fleet status report. The purpose of this press release is to correct an error in the first sentence of the third paragraph. The press release stated that the incremental backlog associated with the fixtures identified in the second paragraph was approximately $645 million. The correct amount is $546 million. The corrected amount is reflected in the updated press release, which follows. All other information remains unchanged, including the company’s total backlog of $8.6 billion as of April 18, 2023.

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