DryShips Inc. Announces the Results of 2012 Annual General Meeting of Shareholders
News Release
DryShips Inc.
October 2, 2012
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<P align=left>October 1, 2012, </B></FONT><FONT face="Times New Roman">Athens,
Greece. DryShips Inc. (NASDAQ: DRYS), or the Company, a</P>
<P align=left>global provider of marine transportation services for drybulk and
petroleum cargoes, and</P>
<P align=left>through its majority owned subsidiary, Ocean Rig UDW Inc., or
Ocean Rig, of off-shore</P>
<P align=left>deepwater drilling services, today announced the results of its
2012 Annual General</P>
<P align=left>Meeting of 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. Evangelos Mytilinaios and George
Xiradakis as Class</P>
<P align=left>B Directors to serve until the 2015 Annual General Meeting of
Shareholders;</P>
<P align=left>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></DIV></BODY></HTML>
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<DIV><B><FONT face="Times New Roman">
<P align=left>October 1, 2012, </B></FONT><FONT face="Times New Roman">Athens,
Greece. DryShips Inc. (NASDAQ: DRYS), or the Company, a</P>
<P align=left>global provider of marine transportation services for drybulk and
petroleum cargoes, and</P>
<P align=left>through its majority owned subsidiary, Ocean Rig UDW Inc., or
Ocean Rig, of off-shore</P>
<P align=left>deepwater drilling services, today announced the results of its
2012 Annual General</P>
<P align=left>Meeting of 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. Evangelos Mytilinaios and George
Xiradakis as Class</P>
<P align=left>B Directors to serve until the 2015 Annual General Meeting of
Shareholders;</P>
<P align=left>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></DIV></BODY></HTML>