The Shuman Law Firm Announces Investigation on Behalf of Smith International, Inc. Shareholders

The Shuman Law Firm today announced that it is investigating potential breaches of fiduciary duty and other violations of state law on behalf of shareholders of Smith International, Inc. ("Smith” or the "Company”) (NYSE: SII) in connection with the proposed merger with Schlumberger Limited ("Schlumberger”).

Under the terms of the transaction, Smith shareholders will receive 0.6966 shares of Schlumberger in exchange for each Smith share they hold. At closing and after new shares are issued, Smith stockholders will own about 12.8 percent of Schlumberger’s outstanding shares of common stock. The Boards’ of Directors of both Smith and Schlumberger unanimously approved the merger.

The investigation concerns whether the merger, including the proposed exchange ratio, is fair and in the best interests of Smith shareholders.

If you are interested in discussing your rights as a Smith shareholder, or have information relating to this investigation, please contact Kip B. Shuman or Rusty E. Glenn toll free at (866) 974-8626 or email Mr. Shuman at kip@shumanlawfirm.com or email Mr. Glenn at rusty@shumanlawfirm.com.

The Shuman Law Firm represents investors throughout the nation, concentrating its practice in securities class actions and shareholder derivative actions.