Ocean Rig UDW Inc. Announces Day of 2012 Annual General Meeting of Shareholders
News Release
Ocean Rig UDW Inc. (Corporate Head Office)
August 8, 2012
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<P align=left>Nicosia, Cyprus – August 7, 2012 – Ocean Rig UDW Inc. (Nasdaq:
ORIG) (the “Company” or “Ocean</P>
<P align=left>Rig”), a global provider of offshore deepwater drilling services,
today announced that the Company’s</P>
<P align=left>2012 Annual General Meeting of Shareholders (the “Annual Meeting”)
will be held at the Company’s</P>
<P align=left>offices located at 10 Skopa Street, Tribune House,
2</FONT></FONT><FONT size=1 face="Times New Roman"><FONT size=1
face="Times New Roman">nd </FONT></FONT><FONT size=2
face="Times New Roman"><FONT size=2 face="Times New Roman">Floor, Office 202, CY
1075, Nicosia, Cyprus, on</P>
<P align=left>Monday, October 1, 2012 at 1:00p.m., local time.</P>
<P align=left>The Company’s board of directors has fixed the close of business
on Monday, August 13, 2012 as the</P>
<P align=left>record date for the determination of the shareholders entitled to
receive notice and to vote at the Annual</P>
<P align=left>Meeting or any adjournments or postponements thereof.</P>
<P align=left>Formal notice of the Annual Meeting and the Company’s proxy
statement are expected to be sent to</P>
<P>shareholders on or about Monday, August 27, 2012.</P></FONT></FONT>
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<P align=left>Nicosia, Cyprus – August 7, 2012 – Ocean Rig UDW Inc. (Nasdaq:
ORIG) (the “Company” or “Ocean</P>
<P align=left>Rig”), a global provider of offshore deepwater drilling services,
today announced that the Company’s</P>
<P align=left>2012 Annual General Meeting of Shareholders (the “Annual Meeting”)
will be held at the Company’s</P>
<P align=left>offices located at 10 Skopa Street, Tribune House,
2</FONT></FONT><FONT size=1 face="Times New Roman"><FONT size=1
face="Times New Roman">nd </FONT></FONT><FONT size=2
face="Times New Roman"><FONT size=2 face="Times New Roman">Floor, Office 202, CY
1075, Nicosia, Cyprus, on</P>
<P align=left>Monday, October 1, 2012 at 1:00p.m., local time.</P>
<P align=left>The Company’s board of directors has fixed the close of business
on Monday, August 13, 2012 as the</P>
<P align=left>record date for the determination of the shareholders entitled to
receive notice and to vote at the Annual</P>
<P align=left>Meeting or any adjournments or postponements thereof.</P>
<P align=left>Formal notice of the Annual Meeting and the Company’s proxy
statement are expected to be sent to</P>
<P>shareholders on or about Monday, August 27, 2012.</P></FONT></FONT>
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