Company: RIG
Filing Date: 2025-03-21
Form Type: PRE 14A
Source: 0001451505-25-000024
Chunk: 43

Company: Transocean Ltd.
Filing Date: 2025-03-21
Form: PRE 14A
Chunk 43
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| RECOMMENDATIONThe Board of Directors recommends a vote FOR the election of the nominee for the Chair of the Board of Directors. |

Transocean 2025 P-49 Proxy Statement

AGENDA ITEM 8 Election of the Members of the Compensation Committee, Each for a Term Extending Until Completion of the Next Annual General Meeting NOMINATIONS OF THE BOARD OF DIRECTORS

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| Pursuant to the Swiss Code and our Articles of Association, the authority to elect the members of the Compensation Committee of the Board of Directors is vested with the general meeting of shareholders. The term of office of the members of the Compensation Committee is the same as the other directors’ term and extends until completion of the next annual general meeting.Upon the recommendation of the Governance, Safety & Environment Committee, the Board of Directors has nominated for election by the shareholders at the 2025 Annual General MeetingGlyn A. BarkerVanessa C.L. ChangFrederico F. Curadoas members of the Compensation Committee of the Board of Directors. Biographical information regarding the nominees may be found above under Agenda Item 6. |

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| RECOMMENDATIONThe Board of Directors recommends a vote FOR the election of the nominees of the Compensation Committee of the Board of Directors. |

Transocean 2025 P-50 Proxy Statement

AGENDA ITEM 9 Reelection of the Independent Proxy for a Term Extending Until Completion of the Next Annual General Meeting

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| Pursuant to the Swiss Code and our Articles of Association, the authority to elect the independent proxy is vested with the general meeting of shareholders. The independent proxy elected at the 2025 Annual General Meeting will serve as independent proxy at the 2026 Annual General Meeting and at any extraordinary general meeting of shareholders of the Company that may be held prior to the 2026 Annual General Meeting.The Board of Directors has nominated for election as independent proxy Schweiger Advokatur/Notariat, Dammstrasse 19, 6300 Zug, Switzerland. Schweiger Advokatur/Notariat was elected at the 2024 Annual General Meeting to serve as independent proxy at the 2025 Annual General Meeting and any extraordinary general meeting of shareholders of the Company held prior to the 2026 Annual General Meeting. Schweiger Advokatur/Notariat confirmed to the Company that it possesses the required independence to fulfill its responsibilities. |

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| RE