Rowan Companies Inc.

Corporate Overview

Rowan Companies is a major provider of global offshore contract drilling services. Our strategic focus is and has been on building our offshore drilling fleet. We continue to look for ways to expand our offshore fleet by adding to our strong position in high-end jack-ups and into ultra deepwater. Rowan recently entered the ultra deepwater sector with four high-specification drillships expected to be delivered starting in late 2013. We are convinced that a balanced fleet provides the best opportunity to create value for our stockholders over time.

Operating on the principle that people are more important than machines and tools, we back our state-of-the-art equipment with an experienced leadership team and highly-skilled operating crews. These dedicated employees are the power behind the Rowan legacy of operational excellence that spans over 90 years.

The Future

With our exceptional team of employees and strong operational reputation, our market leading position in high-quality equipment, and our balance sheet strength and liquidity to pursue our expansion strategy, Rowan is designed for success and prepared to face the challenges and opportunities that lie ahead.

Mission Statement

Our Mission Statement

To be recognized by our customers as the most efficient and capable provider of demanding contract drilling services.

Our Values

We treat each other, our customers and suppliers with respect, commit ourselves to an injury free workplace, uphold the highest standards of integrity, protect the environment, and create a culture of continuous improvement.

Rowan Commitment to Shareholders

Our shareholders have entrusted us with significant wealth, and we are committed to managing the company for their benefit.