Kinder Resigns from Transocean Board

Tuesday, June 11, 2002
Transocean announced that Richard D. Kinder has submitted his resignation as a member of the company’s board of directors to devote more attention to his duties at Kinder Morgan, Inc. and Kinder Morgan Energy Partners, L.P. Kinder’s resignation is effective immediately. Kinder is chairman of the board and CEO of both Kinder Morgan, Inc. and Kinder Morgan Energy Partners, L.P. which own and operate diversified energy assets. He served as a Transocean Inc., director since November 1994. Transocean Inc., does not intend to fill the vacancy created by Kinder’s resignation and will operate with an 11-member board of director.

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