Ocean Rig UDW Inc. Announces the Results of 2012 Annual General Meeting of Shareholders
News Release
Ocean Rig UDW Inc. (Corporate Head Office)
October 2, 2012
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<P align=left>Nicosia, Cyprus – October 1, 2012 – Ocean Rig UDW Inc. (NASDAQ:
ORIG) (the</P>
<P align=left>“Company” or “Ocean Rig”), a global provider of offshore deepwater
drilling</P>
<P align=left>services, today announced the results of its 2012 Annual General
Meeting of</P>
<P align=left>Shareholders (the ‘Meeting’).</P>
<P align=left>The following proposals were approved and adopted at the
Meeting:</P>
<P align=left>1. The election of Messrs. Prokopios Tsirigakis and Michael Gregos
as Class</P>
<P align=left>B Directors to serve until the 2015 Annual General Meeting of</P>
<P align=left>Shareholders; and</P>
<P align=left>2. the ratification of the appointment of Ernst & Young
(Hellas) Certified</P>
<P align=left>Auditors Accountants S.A., as the Company’s independent auditors
for the</P>
<P>fiscal year ended December 31, 2012.</P></FONT></FONT></DIV></BODY></HTML>
<HTML><HEAD><TITLE></TITLE>
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<META name=GENERATOR content="MSHTML 8.00.6001.19298"></HEAD>
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<DIV><FONT size=3 face="Times New Roman"><FONT size=3 face="Times New Roman">
<P align=left>Nicosia, Cyprus – October 1, 2012 – Ocean Rig UDW Inc. (NASDAQ:
ORIG) (the</P>
<P align=left>“Company” or “Ocean Rig”), a global provider of offshore deepwater
drilling</P>
<P align=left>services, today announced the results of its 2012 Annual General
Meeting of</P>
<P align=left>Shareholders (the ‘Meeting’).</P>
<P align=left>The following proposals were approved and adopted at the
Meeting:</P>
<P align=left>1. The election of Messrs. Prokopios Tsirigakis and Michael Gregos
as Class</P>
<P align=left>B Directors to serve until the 2015 Annual General Meeting of</P>
<P align=left>Shareholders; and</P>
<P align=left>2. the ratification of the appointment of Ernst & Young
(Hellas) Certified</P>
<P align=left>Auditors Accountants S.A., as the Company’s independent auditors
for the</P>
<P>fiscal year ended December 31, 2012.</P></FONT></FONT></DIV></BODY></HTML>