March 13, 2009  
ASBESTOS LITIGATION: 39 Suits Ongoing v. Noble Corp. at Jan. 31

Noble Corporation, at Jan. 31, 2009, had 39 asbestos-related
lawsuits in which it is one of many defendants, according to the
Company's annual report filed with the Securities and Exchange
Commission on Feb. 27, 2009.

At Oct. 31, 2008, the Company faced 39 asbestos-related or other
personal injury lawsuits. (Class Action Reporter, Nov. 28, 2008)

The Company is party to various lawsuits that are incidental to
its operations in which the claimants seek an unspecified amount
of monetary damages for personal injury, including injuries
purportedly resulting from exposure to asbestos on drilling rigs
and associated facilities.

These lawsuits have been filed in the states of Louisiana,
Mississippi and Texas. Exposure related to these lawsuits is not
currently determinable.

Headquartered in Sugar Land, Tex., Noble Corporation is an
offshore drilling contractor for the oil and gas industry. The
Company performs contract drilling services with its fleet of 63
mobile offshore drilling units located worldwide. This fleet
consists of 13 semisubmersibles, four dynamically positioned
drillships, 43 jackups and three submersibles.
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