ROWANCOMPANIESPLC MONTHLYFLEETSTATUSREPORTASOFJANUARY21,2014 REVISIONSTOFLEETSTATUSREPORTNOTEDINBOLDANDUNDERLINED

RigClass(1)/Name UltraDeepwaterDrillships GustoMSC10,000 RowanRelentless RowanReliance RowanResolute RowanRenaissance

Depth(feet) Water Drilling

Yearin Service

Location

Customer

DayRate(2) (inUSDthousands)

Estimated Duration(3)

2013 4Q

ContractStatus OutofServiceDays(4) 2014 1Q 2Q 3Q

4Q

PricedOptions

Comments($inthousands)

12,000 12,000 12,000 12,000

40,000 40,000 40,000 40,000

2015 2015 2014 2014

SouthKorea SouthKorea GulfofMexico SouthKorea GulfofMexico SouthKorea WestAfrica

Available Shipyard Cobalt Shipyard Anadarko Shipyard REPSOL

602 608 619 January2018 September2017 April2017

RigiscontractedforconstructionbyHHIwithexpecteddeliveryattheendofMarch2015. RigiscontractedforconstructionbyHHIwithexpecteddeliveryattheendofOctober2014. RigiscontractedforathreeyeardrillingtermcommencinginlateJanuary2015. RigiscontractedforconstructionbyHHIwithexpecteddeliveryattheendofJune2014. RigiscontractedforathreeyeardrillingtermcommencinginlateSeptember2014. RigiscontractedforconstructionbyHHIwithexpecteddeliveryattheendofDecember2013. RigiscontractedforathreeyeartermcommencingmidApril2014.Rigisexpectedtooperate offshoreWestAfricaduringthefirstyearattheindicateddayrate.Intheeventtherigoperatesinthe U.S.GulfofMexicoduringyearstwoandyearthree,thedayratewillbe$614and$624,respectively. Alternatively,iftherigoperatesinWestAfricaduringyearstwoandyearthree,thedayratewillbe $644and$654,respectively.

CantileverJackupRigs NClass RowanNorway RowanStavanger RowanViking

400 400 400

35,000 35,000 35,000

2011 2011 2011

Norway UKN.Sea Norway UKN.Sea

ConocoPhillips Talisman TotalUK Shipyard

361 245 413 246

July2016 June2014 October2014 April2014 August2014

30 30 76

Twooneyearoptionsathigherthan currentdayrates.

Expected2Q2014offratetimeforrepairsandinspections. Expected2Q2014offratetimeforinspections.

54

RigwillentershipyardattheearlyApril2014forinspectionsandequipmentmodificationsfor approximately130dayspriortocommencingitscontractwithLundinfor15wellsforaminimumof 900daysintheNorwegiansectoroftheNorthSeaestimatedtostartin3Q2014.TheCompanymay substituteacomparablerigdependingonavailability. Intheeventthecontractextends beyond1000days,thedayrate increasestoadayratehigherthan currentdayratesforthefirst500day extensionandincreasesagaintoaday ratehighthancurrentdayratesfor thesecond500dayextension.

Norway

Lundin

345 355

December2015 February2017

EXL RowanEXLIV RowanEXLIII RowanEXLII

350 350 350

35,000 35,000 35,000

2011 2011 2011

Malaysia GulfofMexico Trinidad Trinidad

CarigaliHess Freeport/McMoRan BPTrinidad BPTrinidad Petronas

151 180 137 180 167

December2014 July2014 March2014 March2017 November2014

20

RowanEXLI 240C JoeDouglas RalphCoffman RowanMississippi 225CTarzan J.P.Bussell HankBoswell

350

35,000

2010

Indonesia

26

23

Rigexperienced26daysoffratetimeduring4Q2013andisexpected4Q2014offratetimefor inspections. Rigiscurrentlyundergoinginspectionswhichwerepreviouslyscheduledduring4Q2014. Previouslyscheduledoffratetimeforspecialsurveyexpectedtooccurduring2Q2014insteadof4Q 2014. Expected1Q2014offratetimeforinspections.

375 375 375

35,000 35,000 35,000

2012 2009 2008

GulfofMexico Egypt MiddleEast

Available BGEgypt SaudiAramco

227 202

September2014 June2014

20 21

21

270daysatlowerthancurrentday rates. Oneyearoptionatlowerthancurrent dayrates.

300 300

35,000 35,000

2008 2006

Malaysia MiddleEast

Newfield SaudiAramco

136 128

January2014 May2014

45

15

15 Oneyearoptionathigherthan currentdayrates.

Expected1Q2014offratetimeformaintenanceandinspections. Previouslyscheduled92daysoutofserviceprojectforcustomerrequiredequipmentupgrades expectedtooccursometimeduring2015. Previouslyscheduledoffratetimeforinspectionsexpectedtooccurduring1Q2014insteadof2Q 2014.Previouslyscheduled60daysoutofserviceprojectforcustomerrequiredequipmentupgrades expectedtooccursometimeduring2015.

BobKeller

300

35,000

2005

MiddleEast

SaudiAramco

128

May2014

21

ScooterYeargain

300

35,000

2004

MiddleEast

SaudiAramco

178 128

May2024 August2014

11

15

Oneyearoptionathigherthan currentdayrates.

Rigexperienced26daysoffratetimeduring4Q2013/1Q2014forinspections.Previouslyscheduled 75daysoutofserviceprojectforcustomerrequiredequipmentupgradesexpectedtooccursometime in2015.

224CSuperGorillaXL BobPalmer

550

35,000

2003

MiddleEast

SaudiAramco

273

August2014

33

Oneyearoptionathigherthan currentdayrates.

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ROWANCOMPANIESPLC MONTHLYFLEETSTATUSREPORTASOFJANUARY21,2014 REVISIONSTOFLEETSTATUSREPORTNOTEDINBOLDANDUNDERLINED

RigClass(1)/Name 219CSuperGorilla RowanGorillaVII

Depth(feet) Water Drilling

Yearin Service

Location

Customer

DayRate(2) (inUSDthousands)

Estimated Duration(3)

2013 4Q

ContractStatus OutofServiceDays(4) 2014 1Q 2Q 3Q

4Q

PricedOptions

Comments($inthousands)

400

35,000

2002

UKN.Sea

Apache

254

April2015

92

23

Rigisoffrateforweatherdelays.Expected2Q2014offratetimeforinspections.Scheduled140days outofservicetimeforrepairs,upgradesandinspectionsisexpectedtooccursometimeduring2015. Indicateddayrateof$254isbeingrecognizedthruApril2015andincludesrateincreasefrom$216to $280. Rigisintheshipyardandoffrateforrepairs,upgradesandinspections. Twooneyearoptionsathigherthan currentdayrates. Oneyearoptioninarangethatis aboveorbelowcurrentdayrates.

RowanGorillaVI

400

35,000

2000

UKN.Sea Norway UKN.Sea

Shipyard ConocoPhillips Total

350 274

March2014 September2017 June2015

92

90

RowanGorillaV

400

35,000

1998

30

Expected1Q/2Q2014offratetimeforrepairsandinspections.Rigisexpectedtobeoutofservicefor anestimated140daysinmid2015forrepairs,upgradesandinspections.

200CGorilla RowanGorillaIV

450

35,000

1986

GulfofMexico WalterOil&Gas/LLOG ExxonMobil Trinidad Rigsharegroup

180 200 160

April2014 May2014 November2014

21 Expected4Q2014offratetimeforinspections. RigsharegroupincludesEOG,TrinityExploration,andRepsol.Contractisforafirmtermofsevenwells withanexpecteddurationofoneyear.Therigsharegrouphastheoptiontoextendthecontractfora numberofwellstobespecifiedinthenoticeofoptionexercise.Wellsspudinthefirstyearofthe contractattractanoperatingrateof$160.Thedayrateforwellsspudinthesecondyearofthe contractisathigherthancurrentdayrates.Previouslyscheduled90daysoffratetimeforspecial surveyexpectedtocommencelateFebruary2014insteadofmidFebruary2014. Rigisexpectedtobeoffrateforsometimeinthesecondhalfof2014foraspecialsurvey.Scopeof work,includingamountofoutofservicedays,iscurrentlyunderreview.

RowanGorillaIII

450

30,000

1984

38

52

RowanGorillaII

350

30,000

1984

Indonesia

Pertamina

165

April2014

116C RowanCalifornia CecilProvine GilbertRowe ArchRowan CharlesRowan RowanMiddletown ConventionalJackups 116Slot RowanJuneau 84Slot RowanAlaska RowanLouisiana

300 300 350 350 350 350

30,000 30,000 30,000 30,000 30,000 30,000

1983 1982 1981 1981 1981 1980

MiddleEast GulfofMexico MiddleEast MiddleEast MiddleEast MiddleEast

Maersk FieldwoodEnergy SaudiAramco SaudiAramco SaudiAramco SaudiAramco

144 120 125 122 81 81 80

September2016 February2014 August2014 December2015 November2014 November2014 November2014

13

7 20 30

25

Oneyearoptionatlowerthancurrent dayrates. Oneyearoptionathigherthan currentdayrates. Oneyearoptionathigherthan currentdayrates. Oneyearoptionathigherthan currentdayrates.

Expected3Q2014offratetimeforinspections. Expected4Q2014offratetimeforinspections.

250 350 350

30,000 30,000 30,000

1977 1975 1975

GulfofMexico GulfofMexico GulfofMexico

Available Available EnVen

100 125 110

January2014 February2014 April2014

14

Rigiscurrentlyonastandbyrateat$100untilmidJanuary2014beforecommencingatthehigher dayrate.Expected2Q2014offratetimeforinspections.

(1)RigClassdenotesKeppelunitdesignconstructedatKeppelFELSshipyardinSingaporeforNClassunits.LeTourneaurigclassdesignsincludeEXL,240C,Tarzan,SuperGorilla,Gorillaand116C.200CisaGorillaclassunitdesignedforhostileenvironmentcapability.219CisaSuperGorillaclassunit,anenhancedversionoftheGorillaclass,and 224CisaSuperGorillaXLdesign.225CisaTarzanClassunit.240CisLeTourneau'slatestjackupdesign.RowanEXLisanenhancedversionoftheSuper116Eclass.(2)Unlessotherwiseindicated,alldayratesincludeestimatedamortizationofcontractmobilization/modificationrevenues.(3)Estimatedcontractdurationsreflecteitherstated drillingperiodsorexpectedtimerequiredforthecontractedwellorwells.(4)Outofservicedaysincludedaysforwhichnorevenuesarerecognizedotherthanoperationaldowntimeandstackeddays.Thecompanymaybecompensatedforcertainoutofservicedays,suchasforshipyardstaysorfortransitperiodsprecedingacontract. However,recognitionofanysuchcompensationreceivedisdeferredandrecognizedovertheperiodofdrillingoperations.Operationaldowntimeiswhenarigisundercontractandunabletoconductplannedoperationsduetoequipmentbreakdownsorproceduralfailures.Nooperationaldowntimeisincludedinprojectedoutofservicedays, butthecompanyexpectsoperationaldowntimetoaccountforapproximately2.5%ofinservicedaysincurrentandfuturequarters. ROWANHEREBYADVISESTHATTHETABLESETFORTHABOVEMAYCONTAININACCURATE,INCOMPLETEAND/ORINCORRECTINFORMATIONANDISSUBJECTTOCHANGEATANYTIME.THEINFORMATIONSHOULDNOTBERELIEDUPONFORANYPURPOSE,ANDROWANHEREBYDISCLAIMSANYLIABILITYRELATINGTOTHEUSEOFTHE INFORMATIONSETFORTHABOVE. StatementshereinthatarenothistoricalfactsareforwardlookingstatementswithinthemeaningofthePrivateSecuritiesLitigationReformActof1995,including,withoutlimitation,statementsastotheexpectations,beliefsandfutureexpectedbusiness,financialperformanceandprospectsoftheCompany.Theseforwardlookingstatements arebasedonourcurrentexpectationsandaresubjecttocertainrisks,assumptions,trendsanduncertaintiesthatcouldcauseactualresultstodiffermateriallyfromthoseindicatedbytheforwardlookingstatements.Amongthefactorsthatcouldcauseactualresultstodiffermateriallyincludeoilandnaturalgasprices,thelevelofoffshore expendituresbyenergycompanies,variationsinenergydemand,changesindayrates,cancellationbyourcustomersofdrillingcontractsorletteragreementsorlettersofintentfordrillingcontractsortheexerciseofearlyterminationprovisions,risksassociatedwithfixedcostdrillingoperations,costoverrunsordelaysonshipyardrepair, constructionortransportationofdrillingunits,maintenanceandrepaircosts,costsordelaysforconversionorupgradeprojects,operatinghazardsandequipmentfailure,risksofcollisionanddamage,casualtylossesandlimitationsoninsurancecoverage,customercreditandriskofcustomerbankruptcy,conditionsinthegeneraleconomyand energyindustry,weatherconditionsandsevereweatherintheCompanysoperatingareas,increasingcomplexityandcostsofcompliancewithenvironmentalandotherlawsandregulations,changesintaxlawsandinterpretationsbytaxingauthorities,civilunrestandinstability,terrorismandhostilitiesinourareasofoperationsthatmayresultin lossorseizureofassets,theoutcomeofdisputesandlegalproceedings,effectsofthechangeinourcorporatestructure,andotherrisksdisclosedintheCompanysfilingswiththeU.S.SecuritiesandExchangeCommission.Eachforwardlookingstatementspeaksonlyasofthedatehereof,andtheCompanyexpresslydisclaimsanyobligationto updateorreviseanyforwardlookingstatements,exceptasrequiredbylaw.

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