Assets held for sale of $5.3 million as of September 30, 2011 was comprised of the net book value
of three land rigs and related inventory for which the sales are expected to be completed during
2011. The three rigs were part of our Asia Pacific rig fleet and have historically been included
in the International Drilling segment. We expect the carrying amount of the assets, less costs to
sell, will be fully recoverable through sale of the assets.