Company: RIG
Filing Date: 2025-09-26
Form Type: 424B5
Source: 0001451505-25-000102
Chunk: 13

Company: Transocean Ltd.
Filing Date: 2025-09-26
Form: 424B5
Chunk 13
---
The capital authorization expires (a) for general purposes on May 30, 2026, (b) for incentive plans on May 30, 2030, (c) upon an earlier complete use of the maximum number of authorized Transocean shares, or (d) upon an earlier expiration of the authorization following an ordinary capital increase, an ordinary capital reduction or a change of the currency of the share capital resolved by the general meeting of shareholders.

The Transocean shares issued under the capital band are subject to the limitations for registration in the share register pursuant to Articles 7 and 9 of our articles of association.

Based on the general authorization under the capital band pursuant to Article 5 para. 1 and Section A of Article 5 of our articles of association, our board of directors resolved on May 30, 2025, to authorize the increase of Transocean’s share capital by up to USD 18,816,578.00 and issue up to 188,165,780 new Transocean shares. On May

<div align='center'>S-7</div>

30, 2025, our board of directors effected the issuance of 188,165,780 new Transocean shares into “treasury” (Vorratsaktien) by way of a conversion of freely available equity into nominal share capital, among other things, for purposes of placing the Transocean shares, in a subsequent separate step, directly or indirectly with third parties by way of an offering in the U.S. capital market against payment of consideration.

Based on the specific authorization under the capital band pursuant to Article 5 para. 1 and Section B of Article 5 of our articles of association, our board of directors further resolved on May 30, 2025, to authorize the increase of Transocean’s share capital by up to USD 1,600,000.00 and issue up to 16,000,000 new Transocean shares. On May 30, 2025, our board of directors effected the issuance of 16,000,000 new Transocean shares into “treasury” (Vorratsaktien) by way of a conversion of freely available equity into nominal share capital, in order to make available these Transocean shares to service benefit or incentive plans of Transocean for the participation of members of the board of directors, members of the executive management team, officers, employees, contractors, consultants, or other persons providing services to Transo