GlobalSantaFe to Present at CEO Energy/Power Conference

August 28, 2003

GlobalSantaFe Corporation Chief Executive Officer Jon Marshall will present at 8:40 a.m. CDT in New York on Thursday, September 4, 2003, at the Lehman Brothers Seventeenth Annual CEO Energy/Power Conference. Interested parties may listen to the presentation live over the Internet at http://www.lehman.com/conferences/200309ceo-energy-power/presenters.htm# . To listen to the live presentation, please go to the Web site at least 15 minutes early to register and to download and install any necessary audio software. A replay of the presentation will be available shortly after the conclusion of the presentation through GlobalSantaFe's Web site (http://www.gsfdrill.com/ ) until 5 p.m. CDT September 15, 2003.

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