Merger With Transocean Sedco Forex Approved

R&B Falcon Corporation is pleased to announce that the holders of a substantial majority of the outstanding shares of common stock of the Company have approved the two proposals submitted at its special meeting of stockholders held earlier today.

These proposals included a proposal to adopt the definitive merger agreement with Transocean Sedco Forex Inc. (Transocean Inc.) and a proposal to extend voting rights to the outstanding shares of the Company's 13 7/8% Senior Cumulative Redeemable Preferred Stock.