Noble Corporation Board Sets Schedule For Dividend Payment

By The Associated Press | Posted - Apr 25th, 2014 @ 10:31am



[STK] NYSE:NE

[IN]

[SU] DIV

TO BUSINESS EDITORS:

Noble Corporation Board Sets Schedule For Dividend Payment

LONDON, April 25, 2014 /PRNewswire/ -- Noble Corporation (NYSE: NE)

today announced its Board of Directors has scheduled the payment of

the Company's quarterly cash dividend of $0.375 per share. The

ex-dividend date for this payment is expected to be May 1, 2014, with

a record date of May 5, 2014 and a payment date of May 15, 2014.

An aggregate dividend in the amount of USD $1.00 per share, to be paid

in four quarterly installments of USD $0.25 per share, was previously

approved by shareholders at the Company's Annual General Meeting

on April 26, 2013. This is the fourth installment of those previously

approved payments. In January 2014, the Board approved increasing the

quarterly dividend to a total of $0.375 per share, or $1.50 per share

on an annualized basis. The Company expects that this dividend will be

treated as a qualified dividend for purposes of U.S. taxes.

About Noble Corporation Noble is a leading offshore drilling

contractor for the oil and gas industry. Noble performs, through its

subsidiaries, contract drilling services with a fleet of 77 offshore

drilling units (including two ultra-deepwater drillships and three

high-specification jackup drilling rigs currently under construction),

located worldwide, including in the U.S. Gulf

of Mexico and Alaska, Mexico, Brazil, the North Sea, the

Mediterranean, West Africa, the Middle

East, India, Malaysia and Australia. Noble's shares are traded on

the New York Stock Exchange under the symbol "NE." Noble Corporation

plc is a public limited company registered in England and Wales with

company number 08354954 and registered office at Devonshire House, 1

Mayfair Place, London, W1J 8AJ England. Additional information

on Noble Corporation is available on the Company's Web site

at http://www.noblecorp.com.

Forward-looking disclosure statement This news release may contain

"forward-looking statements" about the business, financial performance

and prospects of the Company. Statements about the Company's or

management's plans, intentions, expectations, beliefs, estimates,

predictions, or similar expressions for the future, including any

statements regarding the payment of any dividend, the timing or amount

of such payment, the anticipated tax treatment of any such payment,

capital allocation strategy and anticipated returns, are

forward-looking statements that involve certain risks, uncertainties

and assumptions. No assurance can be given that the outcomes of these

forward-looking statements will be realized, and actual results could

differ materially from those expressed as a result of various factors.

A discussion of these factors, including risks and uncertainties, is

set forth from time to time in the Company's filings with the U.S.

Securities and Exchange Commission (the "SEC").

SOURCE Noble Corporation

-0- 04/25/2014

/CONTACT: For Investors: Jeffrey L. Chastain, Vice President - Investor Relations and Corporate Communications, Noble Drilling Services Inc., 281-276-6383, For Media: John S. Breed, Director of Investor Relations and Corporate Communications, Noble Drilling Services Inc., 281-276-6729

/Web Site: http://www.noblecorp.com

(NYSE:NE) /

CO: Noble Corporation

ST: United Kingdom

SU: DIV

PRN

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