DryShips Announces Day of 2011 Annual General Meeting of Shareholders

News Release DryShips Inc. August 1, 2011

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ATHENS, GREECE – August 1, 2011
- DryShips Inc. (NASDAQ: DRYS) (the “Company” or
“DryShips”), a global provider of marine transportation
services for drybulk and petroleum cargoes
and off-shore contract drilling oil services, announced today
that the Company’s 2011
Annual
General Meeting of Shareholders (the “Annual Meeting”) will be
held at the Company’s offices
located at 80 Kifissias Avenue, 12125, Amaroussion, Athens, Greece
on Tuesday, September 13,
2011 at 1:00 p.m., local time.
The Company’s board of directors has fixed the close of business
on Friday, August 5, 2011 as the
record date for the determination of the shareholders entitled to
receive notice and to vote at the
Annual Meeting or any adjournments or postponements thereof.
Formal notice of the Annual Meeting and the Company’s
proxy statement are expected to be sent to
shareholders on or about Wednesday, August 10,
2011.</DIV></BODY></HTML>