ROWAN COMPANIES, INC. OFFSHORE RIG FLEET AND CONTRACT STATUS As of March 16, 2010

OFFSHORE RIGS						Contract Status
	LeTourneau	Depth (feet)		Year in			Day Rate		Estimated
Name	Class	Water	Drilling	Service	Location	Customer	(in thousands)		Duration	Comments ($ in thousands)
Cantilever Jack-up Rigs:
Rowan EXL #4	S116-E	350	35,000	2012	TBD	TBD	TBD		TBD	Rig currently under construction with delivery expected in Q1 2012.
Joe Douglas	240-C	400	35,000	2011	TBD	TBD	TBD		TBD	Rig currently under construction with delivery expected in Q3 2011.
Rowan EXL #3	S116-E	350	35,000	2010	TBD	TBD	TBD		TBD	Rig currently under construction with delivery expected in Q4 2010.
Rowan EXL #2	S116-E	350	35,000	2010	TBD	TBD	TBD		TBD	Rig currently under construction with delivery expected in Q3 2010.
Rowan EXL #1	S116-E	350	35,000	2010	TBD	TBD	TBD		TBD	Rig is currently under construction with delivery expected in Q2 2010.
					Gulf of Mexico	McMoRan	Mid 70s		August 2010	Rig is estimated to commence operations in May 2010 upon delivery from the shipyard.
							Low 140s		June 2011
Ralph Coffman	240-C	400	35,000	2009	Gulf of Mexico	McMoRan	Low 180s		October 2010
J.P. Bussell	225-C	300	35,000	2008	Egypt	Shell	Low 180s		May 2011
Rowan-Mississippi	240-C	375	35,000	2008	Gulf of Mexico	McMoRan	Low 180s		November 2010
Hank Boswell	225-C	300	35,000	2006	Middle East	Saudi Aramco	Low 190s		March 2011
Bob Keller	225-C	300	35,000	2005	Middle East	Saudi Aramco	Low 180s		May 2011
Scooter Yeargain	225-C	300	35,000	2004	Middle East	Saudi Aramco	Low 190s		March 2011
Bob Palmer	224-C	550	35,000	2003	Gulf of Mexico	El Paso	Low 100s		July 2010
						Apache	Low 110s		October 2010
Rowan Gorilla VII	219-C	400	35,000	2002	West Africa	Cabinda	Low 330s		April 2010	Rig was idle for 2 days during the month of February 2010.
						Apache	Low 180s		February 2012	Rig is expected to mobilize to the North Sea during late Q2 2010 and commence operations during Q3 2010.
Rowan Gorilla VI	219-C	400	35,000	2000	North Sea	BG	High 390s Low 300s (NOR) Low 200s (UK)		July 2010 July 2011	BG extended the contract for another 12 months and has the option of operating the rig in Norway at a day rate in the low $300s or in the UK at a day rate in the low $200s.  Day rates exclude amortization of contract mobilization/modification revenues.
Rowan Gorilla V	219-C	400	35,000	1998	North Sea	Total	Low 180s		May 2010
						Total	Low 150s		May 2011
Rowan Gorilla IV	200-C	450	35,000	1986	Mexico	PEMEX	High 120s		July 2011	The day rate reprices every three months based on an index of jack-up rates.  The day rate reflects rig's
										repricing in late January 2010.
Rowan Gorilla III	200-C	450	30,000	1984	Eastern Canada	EnCana	Mid 280s		September 2010
Rowan Gorilla II	200-C	450	30,000	1984	Gulf of Mexico	undisclosed	Low 190s		August 2010	In connection with the listed Rowan-Louisiana and Rowan-Alaska contracts, the Company agreed to
										reduce the term of the Gorilla II contract day-for-day.
Rowan-California	116-C	300	30,000	1983	Middle East	Wintershall	Mid 70s		May 2011	Rig is contracted for two wells estimated to commence in May 2010.  Rig was in the shipyard during the month of February 2010 and is currently undergoing upgrades for Wintershall work.
Cecil Provine	116-C	300	30,000	1982	Gulf of Mexico	Apache	Low 60s		May 2010
Gilbert Rowe	116-C	350	30,000	1981	Middle East	Maersk	Mid 70s		March 2011	One-year extension at indicated rate from early March 2010.
Arch Rowan	116-C	350	30,000	1981	Middle East	Available				Rig was in the shipyard during the month of February 2010 for maintenance/modifications and is expected to remain in the shipyard until late March 2010.
Charles Rowan	116-C	350	30,000	1981	Middle East	Available				Rig was in the shipyard during the month of February 2010 for maintenance/modifications and is expected to remain in the shipyard until late March 2010.
Rowan-Paris	116-C	350	30,000	1980	Middle East	Maersk	Mid 70s		March 2011	One-year extension at indicated rate from early March 2010.
Rowan-Middletown	116-C	350	30,000	1980	Middle East	Available				Rig was in the shipyard during the month of February 2010 for maintenance/modifications and is expected to remain in the shipyard until late March 2010.
Conventional Jack-up Rigs:
Rowan-Juneau	116	250	30,000	1977	Gulf of Mexico	Available				Rig was idle during the month of February 2010.
Rowan-Alaska	84	350	30,000	1975	Gulf of Mexico	undisclosed	Low 190s		April 2010
Rowan-Louisiana	84	350	30,000	1975	Gulf of Mexico	undisclosed	Low 190s		March 2010
						McMoRan	Mid 50s		October 2010	Rig is estimated to commence operations for one well in April 2010.

Rig Class denotes LeTourneau, Inc. hull number. 200-C is a Gorilla class unit designed for extreme hostile environment capability. 219-C is a Super Gorilla class unit, an enhanced version of the Gorilla class, and 224-C is a Super Gorilla XL design. 225-C is a Tarzan Class unit.  240-C is LeTourneau's latest jack-up design.  Rowan EXL is an enhanced version of the Super 116E class.  Unless otherwise indicated, all day rates include estimated amortization of contract mobilization/modification revenues. Estimated contract durations reflect either stated drilling periods or expected time required for the contracted well or wells.

ROWAN HEREBY ADVISES THAT THE TABLE SET FORTH ABOVE MAY CONTAIN INACCURATE, INCOMPLETE AND/OR INCORRECT INFORMATION AND IS SUBJECT TO CHANGE AT ANY TIME. THE INFORMATION SHOULD NOT BE RELIED UPON FOR ANY PURPOSE, AND ROWAN HEREBY DISCLAIMS ANY LIABILITY RELATING TO THE USE OF THE INFORMATION SET FORTH ABOVE.

This report contains forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, without limitation, statements as to the expectations, beliefs and future expected financial performance of the Company  that are based on current expectations and are subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected by the Company. Relevant factors have been disclosed in the Company's filings with the U. S. Securities and Exchange Commission.

Revisions to Fleet Status Report Noted in Bold