GlobalSantaFe Files $1 Billion Universal Shelf Registration Statement

GlobalSantaFe Corporation (NYSE: GSF) has filed a universal shelf registration statement with the Securities and Exchange Commission (SEC) to register offers and sales of up to $1 billion of its equity and debt securities. Upon effectiveness of the registration statement, the company may periodically offer one or more of these securities. At the time any of the securities covered by the registration statement are offered for sale, a prospectus supplement will be prepared and filed containing specific information about the terms of any such offering.

A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or country in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or country. We are not making and no other person is authorized by us to make, any invitation to the public in the Cayman Islands to subscribe to these securities.