Rowan Schedules Release of First Quarter Results and Conference Call

HOUSTON--(Business Wire)--
Rowan Companies, Inc. (NYSE:RDC) will host a conference call on
Thursday, May 1, 2008 at 8:30 a.m. (CT) to discuss its operating
results for the three months ended March 31, 2008, which will be
released that morning. Interested parties can listen to the conference
call by telephone or over the Internet.

Individuals who wish to participate on the conference call by
telephone should dial-in approximately 5 to 10 minutes prior to the
scheduled start time, using one of the numbers provided. The access or
confirmation code is 2334157.

877-723-9520 (U.S. and Canada)

719-325-4762 (International)

Alternatively, to access the online, real-time simulcast and
rebroadcast of its first quarter 2008 results conference call, please
visit Rowan's Web site at www.rowancompanies.com. You should connect
to our website at least 15 minutes prior to the conference call to
register, download and install any necessary audio software.

About Rowan

Rowan Companies, Inc. is a major provider of international and
domestic contract drilling services with a significant presence in the
Middle East. The Company also owns and operates a manufacturing
division (LTI) that produces equipment for the drilling, mining and
timber industries.

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. Among the factors that could
cause actual results to differ materially include oil and natural gas
prices, the level of offshore expenditures by energy companies, energy
demand, the general economy, including inflation, weather conditions
in the Company's principal operating areas and environmental and other
laws and regulations. Other relevant factors have been disclosed in
the Company's filings with the U. S. Securities and Exchange
Commission.

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

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