Webcast Alert: Rowan Schedules Release of Fourth Quarter Results and Conference Call

HOUSTON--(Business Wire)--Rowan Companies, Inc. (NYSE:RDC) will host a conference call on
Thursday, February 28, 2008 at 8:30 a.m. (CT) to discuss its operating
results for the three months ended December 31, 2007, which will be
released earlier that morning.

Persons wishing to participate in the conference call by telephone
should dial in 5 to 10 minutes prior to the scheduled start time,
using one of the following telephone numbers:

-- 877-681-3378 (U.S. and Canada)

-- 719-325-4788 (International)

The access or confirmation code is 1022435. Callers will be asked
to provide their name, affiliation and phone number. The conference
call is expected to last one hour.

The conference call will also be broadcast live via the internet.
You may listen by accessing Rowan's website at www.rowancompanies.com.
You should connect to our website prior to the conference call to
ensure adequate time for any software download that may be needed to
hear the webcast.

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.

Rowan Companies, Inc., Houston
Vice-President - Investor Relations
William C. Provine, 713-960-7575
www.rowancompanies.com

Copyright Business Wire 2008