THE CORPORATE LIBRARY

Related Party Transactions and Outside Related Director Information

Weatherford International Ltd. (WFT)

3/23/2006 Proxy Information

Messrs. Butters and Millard are employed by Lehman Brothers. In 2005, we sold our interest in an agreement to explore and develop oil and gas interests in certain properties in exchange for overriding royalty interests in the wells drilled pursuant to the agreement to a Lehman affiliate, who also was an original party to the agreement, for $4.2 million. The sale was on armÕs length terms. We also entered into one spot currency trade with Lehman in 2005 in which we sold $4 million to Lehman for approximately Û3.1 million based on exchange rates in effect at the time of the trade. The transaction was on usual and customary terms.

Mr. Rayne is employed by London Merchant Securities. In 2003, we entered into a lease with London Merchant Securities for office space in London. The lease is for a term of ten years and provides for an annual rent of £152,600 (approximately $263,327 based on exchange rates as of March 10, 2006) for the first five years. After year five, the rental rate is subject to an upward adjustment. The lease is on usual and customary terms.

4/4/2005 Proxy Information

Messrs. Butters and Millard are employed by Lehman Brothers. We entered into an interest rate swap agreement with Lehman in 2003 that was terminated in January 2004. Net proceeds from the termination were $804,163. We entered into and terminated an interest rate swap agreement with Lehman in 2004. Net proceeds from the termination were $603,000. We also entered into two spot currency trades with Lehman in 2004. In one of the trades, we sold 3.9 million Euros to Lehman for approximately 4.7 million U.S. dollars based on exchange rates in effect at the time of the trade. In the other trade, we sold 2.6 million U.S. dollars to Lehman for approximately 3.3 million Canadian dollars based on exchange rates in effect at the time of the trade. All transactions with Lehman were on usual and customary terms.

Mr. Rayne is employed by London Merchant Securities. In 2003, we entered into a lease with London Merchant Securities for office space in London. The lease is for a term of ten years and provides for an annual rent of £152,600 (approximately $287,637 based on exchange rates as of March 23, 2005) for the first five years. After year five, the rental rate is subject to an upward adjustment. The lease is on usual and customary terms.

We employ the adult son of Mr. Burguieres in a non-executive capacity. He received total compensation of less than $60,000 in 2004.

Mr. Burguieres is Vice Chairman and part owner of the Houston Texans. We acquired and maintain a stadium suite and other tickets for the Houston Texans football games, for which we paid the Houston Texans an aggregate of $164,455 in 2004. In addition, the Houston Texans own a suite for the Houston Astros and Houston Rockets sporting events. We purchased one-half of the Houston TexansÕ tickets for the Houston Astros baseball games and Houston Rockets basketball games. In 2004, we paid the Houston Texans $42,598 for the baseball tickets and $70,000 for the basketball tickets. These amounts represented one-half of the amounts paid by the Houston Texans for the tickets.

4/7/2004 Proxy Information

Messrs. Butters and Millard are employed by Lehman Brothers. During 2003, Lehman Brothers purchased 10,000,000 common shares from us for an aggregate purchase price of $400 million in connection with a public offering of the shares.

Until February 1999, Sheldon B. Lubar served as Chairman and Chief Executive Officer of Christiana Companies, Inc., a diversified holding company that held Weatherford International Ltd. common shares and owned a company that was engaged in refrigerated and dry warehousing, transportation and logistic services. Weatherford International Ltd. acquired Christiana in February 1999. In Weatherford's acquisition of Christiana, they acquired a one-third interest in Total Logistic Control, LLC. Weatherford sold one-third interest to C2, Inc. in September 2000.

In June 1998, we entered into an employment agreement with Mr. Burguieres, which has a term of fifteen years and provides for an annual salary of $120,000. Under the terms of his employment agreement, Mr. Burguieres is employed as Chairman Emeritus of the Board of Directors.

4/2/2003 Proxy Information

No related party transactions or special relationships reported for this company. Director relationships marked "Outside Related" at this firm will most often be former executives of the company. Additional information regarding these relationships will be added during our regular updates.