Guarantee of Registered Securities

Ensco plc provides for the full and unconditional guarantee of Pride International, Inc.'s, a wholly-owned subsidiary of Ensco plc, 8.5% unsecured senior notes due 2019, 6.875% unsecured senior notes due 2020 and 7.875% unsecured senior notes due 2040, which had an aggregate outstanding principal balance of $1.5 billion as of June 30, 2016. The Ensco plc guarantee provides for the unconditional and irrevocable guarantee of the prompt payment, when due, of any amount owed to the note holders.

Ensco plc is also a full and unconditional guarantor of the 7.2% debentures due 2027 issued by ENSCO International Incorporated, a wholly-owned subsidiary of Ensco plc, during 1997, which had an aggregate outstanding principal balance of $150.0 million as of June 30, 2016.

All guarantees are unsecured obligations of Ensco plc ranking equal in right of payment with all of its existing and future unsecured and unsubordinated indebtedness.

The following tables present the unaudited condensed consolidating statements of operations for the three-month and six-month periods ended June 30, 2016 and 2015; the unaudited condensed consolidating statements of comprehensive income for the three-month and six-month periods ended June 30, 2016 and 2015; the condensed consolidating balance sheets as of June 30, 2016 (unaudited) and December 31, 2015; and the unaudited condensed consolidating statements of cash flows for the six-month periods ended June 30, 2016 and 2015, in accordance with Rule 3-10 of Regulation S-X.

ENSCO PLC AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS Three Months Ended June 30, 2016 (in millions) (Unaudited)

	Ensco plc			ENSCO International Incorporated			Pride International, Inc.			Other Non-Guarantor Subsidiaries of Ensco			Consolidating Adjustments			Total
OPERATING REVENUES	$	7.6		$	36.5		$	—		$	937.4		$	(71.9	)	$	909.6
OPERATING EXPENSES
Contract drilling (exclusive of depreciation)	6.7			36.4			—			379.0			(71.9		)	350.2
Depreciation	—			4.4			—			108.0			—			112.4
General and administrative	10.5			—			—			16.9			—			27.4
OPERATING (LOSS) INCOME	(9.6		)	(4.3		)	—			433.5			—			419.6
OTHER INCOME (EXPENSE), NET	175.8			(8.3		)	(18.8		)	1.3			59.9			209.9
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	166.2			(12.6		)	(18.8		)	434.8			59.9			629.5
INCOME TAX PROVISION	—			(15.6		)	—			52.3			—			36.7
DISCONTINUED OPERATIONS, NET	—			—			—			(.2		)	—			(.2		)
EQUITY EARNINGS IN AFFILIATES, NET OF TAX	424.4			20.0			10.2			—			(454.6		)	—
NET INCOME (LOSS)	590.6			23.0			(8.6		)	382.3			(394.7		)	592.6
NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS	—			—			—			(2.0		)	—			(2.0		)
NET INCOME (LOSS)ATTRIBUTABLE TO ENSCO	$	590.6		$	23.0		$	(8.6	)	$	380.3		$	(394.7	)	$	590.6

ENSCO PLC AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS Three Months Ended June 30, 2015 (in millions) (Unaudited)

	Ensco plc			ENSCO International Incorporated			Pride International, Inc.			Other Non-Guarantor Subsidiaries of Ensco			Consolidating Adjustments			Total
OPERATING REVENUES	$	8.7		$	34.5		$	—		$	1,086.6		$	(70.8	)	$	1,059.0
OPERATING EXPENSES
Contract drilling (exclusive of depreciation)	6.3			34.5			—			532.6			(70.8		)	502.6
Depreciation	—			2.4			—			138.1			—			140.5
General and administrative	13.7			—			—			16.0			—			29.7
OPERATING (LOSS) INCOME	(11.3		)	(2.4		)	—			399.9			—			386.2
OTHER (EXPENSE) INCOME, NET	(36.3		)	2.4			(15.2		)	(6.3		)	—			(55.4		)
(LOSS) INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	(47.6		)	—			(15.2		)	393.6			—			330.8
INCOME TAX PROVISION	—			14.1			—			43.9			—			58.0
DISCONTINUED OPERATIONS, NET	—			—			—			(10.1		)	—			(10.1		)
EQUITY EARNINGS IN AFFILIATES, NET OF TAX	307.9			47.5			71.4			—			(426.8		)	—
NET INCOME	260.3			33.4			56.2			339.6			(426.8		)	262.7
NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS	—			—			—			(2.4		)	—			(2.4		)
NET INCOME ATTRIBUTABLE TO ENSCO	$	260.3		$	33.4		$	56.2		$	337.2		$	(426.8	)	$	260.3

ENSCO PLC AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS Six Months Ended June 30, 2016 (in millions) (Unaudited)

	Ensco plc			ENSCO International Incorporated			Pride International, Inc.			Other Non-Guarantor Subsidiaries of Ensco			Consolidating Adjustments			Total
OPERATING REVENUES	$	14.8		$	72.1		$	—		$	1,780.7		$	(144.0	)	$	1,723.6
OPERATING EXPENSES
Contract drilling (exclusive of depreciation)	13.9			72.1			—			771.9			(144.0		)	713.9
Depreciation	—			8.7			—			217.0			—			225.7
General and administrative	16.7			.1			—			34.0			—			50.8
OPERATING (LOSS) INCOME	(15.8		)	(8.8		)	—			757.8			—			733.2
OTHER INCOME (EXPENSE), NET	139.0			(6.7		)	(37.9		)	(9.0		)	59.9			145.3
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	123.2			(15.5		)	(37.9		)	748.8			59.9			878.5
INCOME TAX PROVISION	—			15.4			—			92.7			—			108.1
DISCONTINUED OPERATIONS, NET	—			—			—			(1.1		)	—			(1.1		)
EQUITY EARNINGS IN AFFILIATES, NET OF TAX	642.7			53.5			63.8			—			(760.0		)	—
NET INCOME	765.9			22.6			25.9			655.0			(700.1		)	769.3
NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS	—			—			—			(3.4		)	—			(3.4		)
NET INCOME ATTRIBUTABLE TO ENSCO	$	765.9		$	22.6		$	25.9		$	651.6		$	(700.1	)	$	765.9

ENSCO PLC AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS Six Months Ended June 30, 2015 (in millions) (Unaudited)

	Ensco plc			ENSCO International Incorporated			Pride International, Inc.			Other Non-Guarantor Subsidiaries of Ensco			Consolidating Adjustments			Total
OPERATING REVENUES	$	17.4		$	69.3		$	—		$	2,278.2		$	(142.0	)	$	2,222.9
OPERATING EXPENSES
Contract drilling (exclusive of depreciation)	13.1			69.3			—			1,080.5			(142.0		)	1,020.9
Depreciation	.1			4.9			—			272.6			—			277.6
General and administrative	27.0			.1			—			32.7			—			59.8
OPERATING (LOSS) INCOME	(22.8		)	(5.0		)	—			892.4			—			864.6
OTHER (EXPENSE) INCOME, NET	(96.2		)	(14.4		)	(31.1		)	13.7			—			(128.0		)
(LOSS) INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	(119.0		)	(19.4		)	(31.1		)	906.1			—			736.6
INCOME TAX PROVISION	—			27.9			—			107.8			—			135.7
DISCONTINUED OPERATIONS, NET	—			—			—			(10.3		)	—			(10.3		)
EQUITY EARNINGS IN AFFILIATES, NET OF TAX	704.0			92.7			135.3			—			(932.0		)	—
NET INCOME	585.0			45.4			104.2			788.0			(932.0		)	590.6
NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS	—			—			—			(5.6		)	—			(5.6		)
NET INCOME ATTRIBUTABLE TO ENSCO	$	585.0		$	45.4		$	104.2		$	782.4		$	(932.0	)	$	585.0

ENSCO PLC AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

Three Months Ended June 30, 2016

(in millions)

(Unaudited)



	Ensco plc		ENSCO International Incorporated			Pride International, Inc.			Other Non-Guarantor Subsidiaries of Ensco			Consolidating Adjustments			Total

NET INCOME (LOSS)	$	590.6	$	23.0		$	(8.6	)	$	382.3		$	(394.7	)	$	592.6
OTHER COMPREHENSIVE INCOME (LOSS), NET
Net change in derivative fair value	—		(4.1		)	—			—			—			(4.1		)
Reclassification of net losses on derivative instruments from other comprehensive income into net income	—		2.0			—			—			—			2.0
Other	—		—			—			.1			—			.1
NET OTHER COMPREHENSIVE (LOSS) INCOME	—		(2.1		)	—			.1			—			(2.0		)

COMPREHENSIVE INCOME (LOSS)	590.6		20.9			(8.6		)	382.4			(394.7		)	590.6
COMPREHENSIVE INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS	—		—			—			(2.0		)	—			(2.0		)
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO ENSCO	$	590.6	$	20.9		$	(8.6	)	$	380.4		$	(394.7	)	$	588.6

ENSCO PLC AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

Three Months Ended June 30, 2015

(in millions)

(Unaudited)



	Ensco plc		ENSCO International Incorporated		Pride International, Inc.		Other Non-Guarantor Subsidiaries of Ensco			Consolidating Adjustments			Total

NET INCOME	$	260.3	$	33.4	$	56.2	$	339.6		$	(426.8	)	$	262.7
OTHER COMPREHENSIVE INCOME (LOSS), NET
Net change in derivative fair value	—		8.7		—		—			—			8.7
Reclassification of net gains on derivative instruments from other comprehensive income into net income	—		5.1		—		—			—			5.1
Other	—		—		—		(1.3		)	—			(1.3		)
NET OTHER COMPREHENSIVE INCOME (LOSS)	—		13.8		—		(1.3		)	—			12.5

COMPREHENSIVE INCOME	260.3		47.2		56.2		338.3			(426.8		)	275.2
COMPREHENSIVE INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS	—		—		—		(2.4		)	—			(2.4		)
COMPREHENSIVE INCOME ATTRIBUTABLE TO ENSCO	$	260.3	$	47.2	$	56.2	$	335.9		$	(426.8	)	$	272.8

ENSCO PLC AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

Six Months Ended June 30, 2016

(in millions)

(Unaudited)



	Ensco plc		ENSCO International Incorporated			Pride International, Inc.		Other Non-Guarantor Subsidiaries of Ensco			Consolidating Adjustments			Total

NET INCOME	$	765.9	$	22.6		$	25.9	$	655.0		$	(700.1	)	$	769.3
OTHER COMPREHENSIVE INCOME, NET
Net change in derivative fair value	—		(.6		)	—		—			—			(.6		)
Reclassification of net losses on derivative instruments from other comprehensive income into net income	—		7.9			—		—			—			7.9
Other	—		—			—		—			—			—
NET OTHER COMPREHENSIVE INCOME	—		7.3			—		—			—			7.3

COMPREHENSIVE INCOME	765.9		29.9			25.9		655.0			(700.1		)	776.6
COMPREHENSIVE INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS	—		—			—		(3.4		)	—			(3.4		)
COMPREHENSIVE INCOME ATTRIBUTABLE TO ENSCO	$	765.9	$	29.9		$	25.9	$	651.6		$	(700.1	)	$	773.2

ENSCO PLC AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

Six Months Ended June 30, 2015

(in millions)

(Unaudited)



	Ensco plc		ENSCO International Incorporated			Pride International, Inc.		Other Non-Guarantor Subsidiaries of Ensco			Consolidating Adjustments			Total

NET INCOME	$	585.0	$	45.4		$	104.2	$	788.0		$	(932.0	)	$	590.6
OTHER COMPREHENSIVE INCOME, NET
Net change in derivative fair value	—		(8.7		)	—		—			—			(8.7		)
Reclassification of net gains on derivative instruments from other comprehensive income into net income	—		10.1			—		—			—			10.1
Other	—		—			—		1.3			—			1.3
NET OTHER COMPREHENSIVE INCOME	—		1.4			—		1.3			—			2.7

COMPREHENSIVE INCOME	585.0		46.8			104.2		789.3			(932.0		)	593.3
COMPREHENSIVE INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS	—		—			—		(5.6		)	—			(5.6		)
COMPREHENSIVE INCOME ATTRIBUTABLE TO ENSCO	$	585.0	$	46.8		$	104.2	$	783.7		$	(932.0	)	$	587.7

ENSCO PLC AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEETS June 30, 2016 (in millions) (Unaudited)

	Ensco plc		ENSCO International Incorporated		Pride International, Inc.			Other Non-Guarantor Subsidiaries of Ensco		Consolidating Adjustments			Total
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	712.8	$	—	$	26.1		$	51.4	$	—		$	790.3
Short-term investments	1,010.0		—		—			—		—			1,010.0
Accounts receivable, net	5.2		—		—			402.8		—			408.0
Accounts receivable from affiliates	245.7		637.7		—			565.8		(1,449.2		)	—
Other	.1		10.1		—			336.2		—			346.4
Total current assets	1,973.8		647.8		26.1			1,356.2		(1,449.2		)	2,554.7
PROPERTY AND EQUIPMENT, AT COST	1.8		118.8		—			12,756.6		—			12,877.2
Less accumulated depreciation	1.8		55.7		—			1,798.5		—			1,856.0
Property and equipment, net	—		63.1		—			10,958.1		—			11,021.2
DUE FROM AFFILIATES	1,428.5		5,069.7		2,043.1			6,731.5		(15,272.8		)	—
INVESTMENTS IN AFFILIATES	8,412.1		1,717.2		—			—		(10,129.3		)	—
OTHER ASSETS, NET	—		40.0		—			290.5		(141.4		)	189.1
	$	11,814.4	$	7,537.8	$	2,069.2		$	19,336.3	$	(26,992.7	)	$	13,765.0
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES
Accounts payable and accrued liabilities	$	48.0	$	32.1	$	30.9		$	499.8	$	—		$	610.8
Accounts payable to affiliates	46.4		591.2		3.8			807.8		(1,449.2		)	$	—
Total current liabilities	94.4		623.3		34.7			1,307.6		(1,449.2		)	610.8
DUE TO AFFILIATES	791.1		5,391.6		2,056.0			7,034.1		(15,272.8		)	—
LONG-TERM DEBT	3,041.8		149.1		1,714.7			—		—			4,905.6
INVESTMENTS IN AFFILIATES	—		—		1,215.2					(1,215.2		)	—
OTHER LIABILITIES	—		150.2		—			352.9		(141.4		)	361.7
ENSCO SHAREHOLDERS' EQUITY	7,887.1		1,223.6		(2,951.4		)	10,634.7		(8,914.1		)	7,879.9
NONCONTROLLING INTERESTS	—		—		—			7.0		—			7.0
Total equity	7,887.1		1,223.6		(2,951.4		)	10,641.7		(8,914.1		)	7,886.9
	$	11,814.4	$	7,537.8	$	2,069.2		$	19,336.3	$	(26,992.7	)	$	13,765.0

ENSCO PLC AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEETS December 31, 2015 (in millions)

	Ensco plc		ENSCO International Incorporated		Pride International, Inc.			Other Non-Guarantor Subsidiaries of Ensco		Consolidating Adjustments			Total
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	94.0	$	—	$	2.0		$	25.3	$	—		$	121.3
Short-term investments	1,180.0		—		—			—		—			$	1,180.0
Accounts receivable, net	1.2		—		—			580.8		—			582.0
Accounts receivable from affiliates	808.7		237.3		—			148.1		(1,194.1		)	—
Other	.2		229.3		—			172.3		—			401.8
Total current assets	2,084.1		466.6		2.0			926.5		(1,194.1		)	2,285.1
PROPERTY AND EQUIPMENT, AT COST	1.8		117.5		—			12,600.1		—			12,719.4
Less accumulated depreciation	1.8		47.7		—			1,582.1		—			1,631.6
Property and equipment, net	—		69.8		—			11,018.0		—			11,087.8
DUE FROM AFFILIATES	1,303.7		5,270.0		2,035.5			6,869.9		(15,479.1		)	—
INVESTMENTS IN AFFILIATES	7,743.8		—		—			—		(7,743.8		)	—
OTHER ASSETS, NET	—		43.1		—			324.9		(130.4		)	237.6
	$	11,131.6	$	5,849.5	$	2,037.5		$	19,139.3	$	(24,547.4	)	$	13,610.5
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES
Accounts payable and accrued liabilities	$	60.7	$	69.6	$	34.8		$	610.4	$	—		$	775.5
Accounts payable to affiliates	19.4		176.3		—			998.4		(1,194.1		)	—
Total current liabilities	80.1		245.9		34.8			1,608.8		(1,194.1		)	775.5
DUE TO AFFILIATES	751.9		4,354.3		1,763.7			8,609.2		(15,479.1		)	—
LONG-TERM DEBT	3,782.4		149.0		1,937.2			—		—			5,868.6
INVESTMENTS IN AFFILIAITES	—		442.0		1,319.3			—		(1,761.3		)	—
OTHER LIABILITIES	—		135.7		—			443.9		(130.4		)	449.2
ENSCO SHAREHOLDERS' EQUITY	6,517.2		522.6		(3,017.5		)	8,473.1		(5,982.5		)	6,512.9
NONCONTROLLING INTERESTS	—		—		—			4.3		—			4.3
Total equity	6,517.2		522.6		(3,017.5		)	8,477.4		(5,982.5		)	6,517.2
	$	11,131.6	$	5,849.5	$	2,037.5		$	19,139.3	$	(24,547.4	)	$	13,610.5



ENSCO PLC AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS Six Months Ended June 30, 2016 (in millions) (Unaudited)
	Ensco plc			ENSCO International Incorporated			Pride International, Inc.			Other Non-guarantor Subsidiaries of Ensco			Consolidating Adjustments			Total
OPERATING ACTIVITIES
Net cash (used in) provided by operating activities of continuing operations	$	(83.4	)	$	130.8		$	(60.4	)	$	813.2		$	—		$	800.2
INVESTING ACTIVITIES
Maturities of short-term investments	1,032.0			—			—			—			—			1,032.0
Purchases of short-term investments	(862.0		)	—			—			—			—			(862.0		)
Additions to property and equipment	—			—			—			(209.4		)	—			(209.4		)
Purchase of affiliate debt	(142.0		)	—			—			—			142.0			—
Other	—			—			—			7.6			—			7.6
Net cash provided by (used in) investing activities of continuing operations	28.0			—			—			(201.8		)	142.0			(31.8		)
FINANCING ACTIVITIES
Reduction of long-term borrowings	(542.8		)	—			—			—			(142.0		)	(684.8		)
Proceeds from equity issuance	585.5			—			—			—			—			585.5
Cash dividends paid	(5.5		)	—			—			—			—			(5.5		)
Advances from (to) affiliates	638.9			(130.8		)	84.5			(592.6		)	—			—
Other	(1.9		)	—			—			—			—			(1.9		)
Net cash provided by (used in) financing activities	674.2			(130.8		)	84.5			(592.6		)	(142.0		)	(106.7		)
DISCONTINUED OPERATIONS
Operating activities	—			—			—			1.4			—			1.4
Investing activities	—			—			—			6.3			—			6.3
Net cash used in discontinued operations	—			—			—			7.7			—			7.7
Effect of exchange rate changes on cash and cash equivalents	—			—			—			(.4		)	—			(.4		)
NET INCREASE IN CASH AND CASH EQUIVALENTS	618.8			—			24.1			26.1			—			669.0
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	94.0			—			2.0			25.3			—			121.3
CASH AND CASH EQUIVALENTS, END OF PERIOD	$	712.8		$	—		$	26.1		$	51.4		$	—		$	790.3



ENSCO PLC AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS Six Months Ended June 30, 2015 (in millions) (Unaudited)
	Ensco plc			ENSCO International Incorporated			Pride International, Inc.			Other Non-guarantor Subsidiaries of Ensco			Consolidating Adjustments		Total
OPERATING ACTIVITIES
Net cash (used in) provided by operating activities of continuing operations	$	(66.2	)	$	(19.7	)	$	(49.9	)	$	1,026.8		$	—	$	891.0
INVESTING ACTIVITIES
Additions to property and equipment	—			(5.1		)	—			(908.8		)	—		(913.9		)
Maturities of short-term investments	712.0			—			—			45.3					757.3
Purchases of short-term investments	(650.0		)	—			—			—			—		(650.0		)
Other	—			—			—			1.1			—		1.1
Net cash provided by (used in) investing activities of continuing operations	62			(5.1		)	—			(862.4		)	—		(805.5		)
FINANCING ACTIVITIES
Proceeds from issuance of senior notes	1,078.7			—			—			—			—		1,078.7
Reduction of long-term borrowings	(998.3		)	—			—			(59.7		)	—		(1,058.0		)
Cash dividends paid	(70.5		)	—			—			—			—		(70.5		)
Premium paid on redemption of debt	(27.2		)	—			—			(3.1		)	—		(30.3		)
Debt financing costs	(10.5		)	—			—			—			—		(10.5		)
Advances from (to) affiliates	88.2			24.8			63.5			(176.5		)	—		—
Other	(9.0		)	—			—			2.2			—		(6.8		)
Net cash provided by (used in) financing activities	51.4			24.8			63.5			(237.1		)	—		(97.4		)
DISCONTINUED OPERATIONS
Operating activities	—			—			—			(4.2		)	—		(4.2		)
Investing activities	—			—			—			(0.6		)	—		(0.6		)
Net cash used in discontinued operations	—			—			—			(4.8		)	—		(4.8		)
Effect of exchange rate changes on cash and cash equivalents	—			—			—			.2			—		.2
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	47.2			—			13.6			(77.3		)	—		(16.5		)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	287.4			—			90.8			286.6			—		664.8
CASH AND CASH EQUIVALENTS, END OF PERIOD	$	334.6		$	—		$	104.4		$	209.3		$	—	$	648.3