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Form of Proxy

TRANSOCEAN, LTD.

Notes

No. Proposition For Against Abstain
1

Approval of the 2024 Annual Report, Including the Audited Consolidated Financial Statements of Transocean Ltd. for Fiscal Year 2024 and the Audited Statutory Financial Statements of Transocean Ltd. for Fiscal Year 2024

2

Approval of the Swiss Statutory Compensation Report for Fiscal Year 2024

3

Approval of the Swiss Statutory Report on Non-Financial Matters for Fiscal Year 2024

4

Discharge of the Members of the Board of Directors and the Executive Management Team from Liability for Activities During Fiscal Year 2024

5

Appropriation of the Accumulated Losses for Fiscal Year 2024

6

Approval of Shares Authorized for Issuance

7

Amendment of the Articles of Association to Increase the Maximum Number of Members of the Board of Directors to 12 from 11 for a One Year Period

8

Election of Director: Keelan I. Adamson

9

Election of Director: Glyn A. Barker

10

Election of Director: Vanessa C.L. Chang

11

Election of Director: Frederico F. Curado

12

Election of Director: Chadwick C. Deaton

13

Election of Director: Domenic J. Nick DellOsso, Jr.

14

Election of Director: Vincent J. Intrieri

15

Election of Director: William F. Bill Lacey

16

Election of Director: Samuel J. Merksamer

17

Election of Director: Frederik W. Mohn

18

Election of Director: Margareth Øvrum

19

Election of Director: Jeremy D. Thigpen

20

Election of Jeremy D. Thigpen as the Chair of the Board of Directors for a Term Extending Until Completion of the Next Annual General Meeting

21

Election of the Member of the Compensation Committee, for a Term Extending Until Completion of the Next Annual General Meeting: Glyn A. Barker

22

Election of the Member of the Compensation Committee, for a Term Extending Until Completion of the Next Annual General Meeting: Vanessa C.L. Chang

23

Election of the Member of the Compensation Committee, for a Term Extending Until Completion of the Next Annual General Meeting: Frederico F. Curado

24

Reelection of Schweiger Advokatur/Notariat as the Independent Proxy for a Term Extending Until Completion of the Next Annual General Meeting

25

Ratification of Ernst & Young LLP as the Companys Independent Registered Public Accounting Firm for Fiscal Year 2025 and Reelection of Ernst & Young Ltd, Zurich, as the Companys Auditor for a Further One Year Term

26

Advisory Vote to Approve Named Executive Officer Compensation for Fiscal Year 2025

27

Ratification of the Maximum Aggregate Amount of Compensation of the Board of Directors for the Period Between the 2025 Annual General Meeting and the 2026 Annual General Meeting

28

Ratification of the Maximum Aggregate Amount of Compensation of the Executive Management Team for Fiscal Year 2026

29

Approval of Amendment and Restatement of Transocean Ltd. 2015 Long-Term Incentive Plan

30

Approval of Capital Authorization for Share-Based Incentive Plans

31

If any modifications to agenda items or proposals identified in the notice of meeting or other matters on which voting is permissible under Swiss law are properly presented at the 2025 Annual General Meeting for consideration, you instruct the independent proxy, in the absence of other specific instructions, to vote in accordance with the recommendations of the Board of Directors.