TRANSOCEAN SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK & FOTI, LLC REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Transocean Ltd. - RIG

Lawsuit Overview - Transocean Ltd and certain executives are charged with failing to disclose material information during the Class Period, violating federal securities laws [3] - The alleged false and misleading statements include non-strategic asset classification, overstated asset valuations, and misleading positive statements about the company's business and prospects [3] Financial Impact - Transocean agreed to sell the Development Driller III and Discoverer Inspiration rigs for $342 million, resulting in a third-quarter non-cash charge of up to$645 million due to asset impairment [4] - Following the disclosure, Transocean's share price fell by $0.42 (8.86$4.32 per share on September 3, 2024, on unusually heavy trading volume [4] Legal Action Details - Investors who purchased Transocean securities between October 31, 2023, and September 2, 2024, have until February 24, 2025, to file lead plaintiff applications in the securities class action lawsuit [1] - The lawsuit is pending in the United States District Court for the Southern District of New York under the case Gábor v. Transocean Ltd., et al., No. 24-cv-9964 [1][5]