Rowan Issues Clarification on Day Rate for Ultra-Deepwater Drillship Rowan Resolute Contract

HOUSTON, June 20, 2013 /PRNewswire/ -- Rowan Companies plc ("Rowan" or the "Company") (NYSE: RDC) reported in a press release issued earlier today that it entered into a three-year contract with Anadarko Petroleum Corporation for the Rowan Resolute, one of four new ultra-deepwater drillships being constructed for Rowan by Hyundai Heavy Industries Co. Ltd.

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The Company would like to provide clarification regarding the effective day rate. The effective day rate in the high $600s as previously reported is between $606,000 and $609,000, including mobilization revenues.

Rowan Companies plc is a major provider of international and domestic contract drilling services with a leading position in high-specification jack-up rigs. The Company's fleet of 30 jack-up rigs is located worldwide, including the Middle East, the North Sea, Trinidad, Egypt, Southeast Asia and the Gulf of Mexico. Rowan will enter the ultra-deepwater market with four high-specification drillships expected to be delivered starting in late 2013. The Company's Class A Ordinary Shares are traded on the New York Stock Exchange under the symbol "RDC". For more information on the Company, please visit www.rowancompanies.com.

SOURCE Rowan Companies plc



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