Rowan Companies, Inc.:10 Cents Quarterly Dividend

Rowan Companies, Inc.:10 Cents Quarterly Dividend

Saturday, August 2nd 2008

Rowan Companies, Inc. has lately published a report saying that its Board of Directors has declared a cash dividend of 10¢ per share of Common Stock payable on August 29, 2008 to shareholders of record on August 14, 2008.

Rowan Companies, Inc. is a major provider of international and domestic offshore contract drilling services. The Company also owns and operates a manufacturing division that produces equipment for the drilling, mining and timber industries. The Company’s stock is traded on the New York Stock Exchange. Common Stock trading symbol: RDC. Contact: William C. Provine, Vice-President – Investor Relations, 713-960-7575. Website: www.rowancompanies.com

Contact:

Rowan Companies, Inc., Houston William C. Provine, 713-960-7575

Vice-President – Investor Relations

Source: Rowan Companies, Inc.

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