X0201 4 2004-03-19 0 0000085408 ROWAN COMPANIES INC RDC 0001183347 MCNEASE DANIEL F 2800 POST OAK BLVD. SUITE 5450 HOUSTON TX 77056-6127 1 1 0 0 President and CEO Common Stock 2004-03-19 4 I 0 1001 23.09 A 9476 D Reflects the Reporting Person's aggregated directly-owned and indirectly-owned shares (8,471), the latter being shares in the Rowan Common Stock Fund under the Company's 401(k) plan (a unitized plan) at March 19, 2004 (as reported to him by the Plan Trustee on March 22, 2004), such number of shares, which fluctuates, being calculated as equivalent values based upon the value of the total units divided by the corresponding closing price of the underlying Rowan Common Stock on that date. /s/ Daniel F. McNease 2004-03-22