Noble Corp. Declares Quarterly Cash Dividend

Noble Corporation's (NYSE: NE) board of directors declared a quarterly cash dividend of $0.04 per ordinary share. The cash dividend of $0.04 per ordinary share will be paid on June 1, 2007 to members (shareholders) of record on May 7, 2007.

Noble Corporation is a leading provider of diversified services for the oil and gas industry. The Company performs contract drilling services with its fleet of 62 mobile offshore drilling units located in key markets worldwide, including the U.S. Gulf of Mexico, Middle East, Mexico, the North Sea, Brazil, West Africa and India. The fleet count includes six rigs under construction. The Company's ordinary shares are traded on the New York Stock Exchange under the symbol "NE".