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% of available days contractedContract backlog100%Contract backlog80%93%60%69%40%20%31%17%0%2012 2013 2014 2015High earnings visibility through solid contract backlogMaersk DrillingSlide no. 8

New businessXL Enhanced 1 or 2 (newbuild)• Customer: Total E&P Norge AS• Country: Norway• Contract value: USD 550 million• Duration: 4 years + optionsXL Enhanced 2 (newbuild)• Customer: Det norske Oljeselskab ASA• Country: Norway• Contract value: USD 413 million• Duration: 3 years + optionsMaersk Discoverer• Customer: BP• Country: Egypt• Contract value: USD 780 million• Duration: 4 years + optionsNote: The contract awards for the XLE rigs are subject to approval by the Norwegian authorities of the development plans for the respective fieldsConfirming strong market fundamentalsMaersk DrillingSlide no. 9

US$/bblMarket outlook• High oil price will continue to drive oilcompanies’ exploration and developmentactivities…• ...thus driving demand for rigs160140120100Oil price

# rigsUltra deepwater floater market• Market characterised by close to full utilisation125Global 7500ft+ Floater Market - Demand and Supply(only existing competitive rigs)100%• Day rate level increased and established a newlevel around USD 500,000 per day10080%• Increasing demand primarily seen from the maingrowth regions West Africa and Brazil7560%• Despite a significant order book, the ultradeepwater rig market is expected to remain tightboth short- and medium-term502540%20%• Development as well as exploration activity in thegrowth regions will drive solid future demand00%2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012Source: ODS-Petrodata, Maersk DrillingThe strongest growth segment in theoffshore drilling spaceMaersk DrillingSlide no. 11

# rigsUltra harsh jack-up market (Norway)• The Norwegian jack-up market remains solid withfull utilisation10Norway Jackup Market - Demand and Supply(only existing competitive rigs)100%• Recent large discoveries in Norway confirm positiveoutlook for the segment880%• Number of jackups with near-term availability in theNorwegian market is limited• The Norwegian market is expected to remain tightand supportive of high day rates64260%40%20%00%2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012Source: ODS-Petrodata, Maersk DrillingHigh utilisation and healthy day ratesMaersk DrillingSlide no. 12

ConclusionsGrowthModern fleetStrong marketoutlookPositioned in themost attractivesegmentsStrong backlog –High earningsvisibilityMaersk DrillingSlide no. 16

Maersk DrillingMoving boundaries within offshore drillingMaersk Drilling Slide no. 17