Financial Astrology of Rowan Companies, Inc.

FINANCIAL ASTROLOGY

First Trade Date for Rowan Companies, Inc.

Company Name	First Trade Date (yyyy-mm-dd)
Rowan Companies, Inc.	1975-12-18

Company Name	Symbol
Rowan Companies, Inc.	RDC
History and Business of Company (this information may include date of incorporation)
Rowan Companies, Inc. (hereinafter referred to as "Rowan" or "the Company") is a major provider of international and domestic contract drilling and aviation services. Rowan also operates a mini-steel mill, a manufacturing facility that produces heavy equipment for the mining, timber and transportation industries and a drilling products group that has designed or built about one-third of all mobile offshore jack-up drilling rigs. Rowan was organized in 1947 as a Delaware corporation and a successor to a contract drilling business conducted since 1923 under the name Rowan Drilling Company, Inc. Our annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K and amendments to those reports filed or furnished pursuant to Section 13(a) or 15(d) of the Exchange Act are made available free of charge on our internet website at http://www.rowancompanies.com as soon as reasonably practicable after we electronically file such material with, or furnish it to, the Securities and Exchange Commission. Information regarding each of Rowan's industry segments, including revenues, operating profit (loss), assets and foreign-source revenues for 2003, 2002 and 2001 is incorporated herein by reference from Footnote 10 of the Notes to Consolidated Financial Statements on pages 35 and 36 of Rowan's 2003 Annual Report to Stockholders ("Annual Report"), incorporated portions of which are filed as Exhibit 13 hereto. During 2003, 14% of Rowan's consolidated revenues were derived from El Paso Corporation and 10% were derived from Anadarko Petroleum Corporation, primarily from drilling services. In 2002, 13% of Rowan's consolidated revenues were derived from El Paso Corporation, primarily from drilling services. In 2001, 14% of Rowan's consolidated revenues were derived from Anadarko Petroleum Corporation, primarily from drilling services.

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