Dryships Announces Day of 2010 Annual General Meeting of Shareholders
News Release
DryShips Inc.
July 16, 2010
<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">
<HTML><HEAD><TITLE></TITLE>
<META content="text/html; charset=unicode" http-equiv=Content-Type>
<META name=GENERATOR content="MSHTML 8.00.6001.18904"></HEAD>
<BODY>
<DIV><B><FONT size=3 face="Times New Roman"><FONT size=3
face="Times New Roman">ATHENS, GREECE - July 16, 2010 - </B></FONT></FONT><FONT
size=3 face="Times New Roman"><FONT size=3 face="Times New Roman">DryShips Inc.
(NASDAQ: DRYS), a global</DIV>
<DIV>
<P align=left>provider of marine transportation services for drybulk cargoes and
off-shore contract</P>
<P align=left>drilling oil services, announced today that the Annual Meeting of
Shareholders will be</P>
<P align=left>held at the Company’s offices located at 80 Kifissias Avenue,
15125, Amaroussion,</P>
<P align=left>Athens, Greece on Monday, September 6</FONT></FONT><FONT size=1
face="Times New Roman"><FONT size=1 face="Times New Roman">th</FONT></FONT><FONT
size=3 face="Times New Roman"><FONT size=3 face="Times New Roman">, 2010 at 1:00
pm Athens time.</P>
<P align=left>The Board of Directors has fixed the close of business on Monday,
July 19</FONT></FONT><FONT size=1 face="Times New Roman"><FONT size=1
face="Times New Roman">th</FONT></FONT><FONT size=3 face="Times New Roman"><FONT
size=3 face="Times New Roman">, 2010 as the</P>
<P align=left>record date for the determination of the shareholders entitled to
receive notice and to vote</P>
<P align=left>at the Annual Meeting or any adjournments or postponements
thereof.</P>
<P align=left>Formal notice of the meeting and the Company’s proxy statement
will be sent to</P>
<P align=left>stockholders of the Company in due
course.</P></FONT></FONT></DIV></BODY></HTML>
<HTML><HEAD><TITLE></TITLE>
<META content="text/html; charset=unicode" http-equiv=Content-Type>
<META name=GENERATOR content="MSHTML 8.00.6001.18904"></HEAD>
<BODY>
<DIV><B><FONT size=3 face="Times New Roman"><FONT size=3
face="Times New Roman">ATHENS, GREECE - July 16, 2010 - </B></FONT></FONT><FONT
size=3 face="Times New Roman"><FONT size=3 face="Times New Roman">DryShips Inc.
(NASDAQ: DRYS), a global</DIV>
<DIV>
<P align=left>provider of marine transportation services for drybulk cargoes and
off-shore contract</P>
<P align=left>drilling oil services, announced today that the Annual Meeting of
Shareholders will be</P>
<P align=left>held at the Company’s offices located at 80 Kifissias Avenue,
15125, Amaroussion,</P>
<P align=left>Athens, Greece on Monday, September 6</FONT></FONT><FONT size=1
face="Times New Roman"><FONT size=1 face="Times New Roman">th</FONT></FONT><FONT
size=3 face="Times New Roman"><FONT size=3 face="Times New Roman">, 2010 at 1:00
pm Athens time.</P>
<P align=left>The Board of Directors has fixed the close of business on Monday,
July 19</FONT></FONT><FONT size=1 face="Times New Roman"><FONT size=1
face="Times New Roman">th</FONT></FONT><FONT size=3 face="Times New Roman"><FONT
size=3 face="Times New Roman">, 2010 as the</P>
<P align=left>record date for the determination of the shareholders entitled to
receive notice and to vote</P>
<P align=left>at the Annual Meeting or any adjournments or postponements
thereof.</P>
<P align=left>Formal notice of the meeting and the Company’s proxy statement
will be sent to</P>
<P align=left>stockholders of the Company in due
course.</P></FONT></FONT></DIV></BODY></HTML>