Ensco plc announced to purchase up to $492,500,000 aggregate purchase price, exclusive of accrued interest of the outstanding notes of Ensco and its wholly owned subsidiary Pride International Inc. No more than $235,000,000 aggregate purchase price, exclusive of accrued interest of 6.875% Senior Notes due 2020 and 4.70% Senior Notes due 2021 will be purchased in the Tender Offers. The terms and conditions of the Tender Offers are described in an Offer to Purchase dated January 10, 2018. Each of the Tender Offers will expire on February 7, 2018, or any other date and time to which Ensco extends such Tender Offer unless earlier terminated. No tenders will be valid if submitted after the Expiration Date. Tendered Notes may be validly withdrawn from the applicable Tender Offer at or prior to, but not after January 24, 2018. Holders of Notes who tender their Notes after the Withdrawal Deadline, but prior to the Expiration Date, may not withdraw their tendered Notes, except for certain limited circumstances where additional withdrawal rights are required by law. Upon the terms and subject to the conditions of the Tender Offers, the consideration for each $1,000 principal amount of Notes validly tendered and accepted for purchase pursuant to the Tender Offers will be the tender offer consideration for the applicable series of Notes set out in the table above. Holders of Notes that are validly tendered at or prior to 5:00 p.m., New York City time, on January 24, 2018 and accepted for purchase pursuant to the Tender Offers will receive the applicable Tender Offer Consideration plus the applicable early tender premium for the applicable series of Notes. Holders of Notes validly tendered after the Early Tender Date, but before the Expiration Date, and accepted for purchase pursuant to the Tender Offers will receive the applicable Tender Offer Consideration, but not the Early Tender Premium.