GlobalSantaFe Board Approves 50% Increase in Quarterly Cash Dividend

GlobalSantaFe Corporation's Board of Directors (NYSE: GSF) has increased the company's quarterly cash dividend to 22.5 cents per ordinary share. The dividend is payable on Jan. 13, 2006, to shareholders of record as of the close of business on Dec. 30, 2005.

The approval of a quarterly cash dividend increase is the second by GlobalSantaFe's Board of Directors this year. In June 2005, the Board elected to double the quarterly dividend to 15 cents from 7.5 cents per ordinary share.