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Transocean Proxy Statement and 2010 Annual Report

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SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS<br />

Listed below are the only persons who, to the knowledge of the Company, may be deemed to be<br />

beneficial owners as of March 16, 2011, of more than 5% of the Company’s shares.<br />

Shares Percent of<br />

Name <strong>and</strong> Address of Beneficial Owner Beneficially Owned Class(1)<br />

FMR LLC ................................ 19,165,692(2) 6.0%<br />

82 Devonshire Street<br />

Boston, Massachusetts 02109<br />

(1) The percentage indicated is based on the 319,531,126 outst<strong>and</strong>ing shares at March 16, 2011.<br />

(2) The number of shares held by FMR LLC is based on a statement on Schedule 13G filed with the SEC on<br />

February 14, 2011, which was filed jointly by FMR LLC, Edward C. Johnson 3d, <strong>and</strong> Fidelity Management &<br />

Research Company. According to the filing, FMR LLC has sole voting power over 2,891,991 shares <strong>and</strong> sole<br />

dispositive power over 19,165,692 shares <strong>and</strong> shared voting or dispositive power over no shares. Of the shares<br />

reported, 15,660,402 shares are beneficially owned by Fidelity Management & Research Company, an investment<br />

adviser <strong>and</strong> a wholly-owned subsidiary of FMR LLC, as a result of acting as investment advisor to various investment<br />

companies (collectively, the ‘‘Fidelity Funds’’); with respect to these shares, FMR LLC, Mr. Edward C. Johnson 3d<br />

<strong>and</strong> each of the Fidelity Funds exercise sole dispositive power <strong>and</strong> the Fidelity Funds’ Board of Trustees exercises<br />

sole voting power.<br />

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