GlobalSantaFe to Hold 4Q Conference Call and Webcast

January 8, 2004

GlobalSantaFe Corporation has scheduled a conference call to discuss its fourth-quarter and year-end financial results at 11:00 a.m. CST (12:00 p.m. EST) Wednesday, January 28, 2004. The results are scheduled to be released publicly prior to market opening on the New York Stock Exchange that same day.

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