Transocean Sedco Forex Inc. Commences Exchange Offers and Consent Solicitations for Six Series of R&B Falcon Corporation Notes

July 5th, 2007

Goldman, Sachs & Co. are the dealer managers for the exchange offers and consent solicitations.

Mellon Investor Services LLC

Toll Free: 877/698-6865

The terms and conditions of the exchange offers and consent solicitations are contained in Transocean Sedco Forex’s prospectus and consent solicitation statement, dated January 31, 2002, and the related letter of transmittal and consent. Transocean Sedco Forex’s obligation to complete each exchange offer and cause R&B Falcon to make the consent payments relating to that exchange offer is conditioned upon, among other things, receipt of valid and unrevoked consents to the amendments from the holders of record of a majority in principal amount of each of the six series of the R&B Falcon notes.

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