About Mr. Isenberg

Mr. Isenberg has served as the Chairman of the Board, Chairman of the Executive Committee of the Board and Chief Executive Officer of Nabors since 1987. He previously served for many years as a member of the Board of Governors of both the American Stock Exchange and the National Association of Securities Dealers (NASD) which oversees the NASDAQ Stock Exchange. Mr. Isenberg also served as a member of the National Petroleum Council, which advises the US Department of Energy. From 1969 to 1982, Mr. Isenberg was Chairman of the Board and principal shareholder of Genimar, Inc. From 1955 to 1968, Exxon Corporation employed Mr. Isenberg in various management capacities.

Mr. Isenberg also leads numerous philanthropic endeavors. The majority of these endeavors have focused on education. He is President of the UMASS (University of Massachusetts) Amherst Foundation where he has endowed three professorships in environmental science, technology management and engineering at the university. The UMASS Isenberg School of Management was named in recognition of these contributions, as well as significant other contributions toward facilities and scholarships. Mr. Isenberg also established an endowed fund at Alaska Pacific University to support its health services administration program. Mr. Isenberg is the founding and continuing principle sponsor of the Parkside School for disabled children. He also generously supports Massachusetts General Hospital, LIFE Disabled Veterans, the United Way, the Energy Fund for Teachers, as well as many other charitable organizations.

Mr. Isenberg has volunteered to donate the after-tax proceeds of his salary to benefit the educational pursuits of Nabors’ employees and their families among others. In connection with that endeavor, we are pleased to announce the establishment of the Isenberg Education Fund as part of the Nabors Charitable Foundation.