Contact Information: Company Contact: E-Mail: management@dryships.com Investor Relations / Media: Nicolas Bornozis Capital Link, Inc., New York Tel. 212-661-7566 E-mail: dryships@capitallink.com
DryShips Inc. Disclosure of Transaction
| Source: DryShips Inc.
ATHENS, GREECE--(Marketwire - May 8, 2008) - DryShips Inc. (NASDAQ : DRYS ) today announced
that it has purchased 7,546,668 shares in Ocean Rig ASA at a price of NOK
45 per share from companies controlled by the Company's Chief Executive
Officer, George Economou, representing approximately 4.4% of the share
capital of Ocean Rig ASA.
About DryShips Inc.
DryShips Inc. is an international provider of drybulk carriers.
Headquartered in Athens, Greece, DryShips currently owns and operates a
fleet of 47 drybulk carriers comprising 4 Capesize, 32 Panamax, 2 Supramax
and 9 newbuilding drybulk vessels, with a combined deadweight tonnage of
over 4 million tons.
DryShips Inc.'s common stock is listed on the NASDAQ Global Market where it
trades under the symbol "DRYS."
Visit our website at www.dryships.com
Forward-Looking Statements
Matters discussed in this release may constitute forward-looking
statements. Forward-looking statements reflect our current views with
respect to future events and financial performance and may include
statements concerning plans, objectives, goals, strategies, future events
or performance, and underlying assumptions and other statements, which are
other than statements of historical facts.
The forward-looking statements in this release are based upon various
assumptions, many of which are based, in turn, upon further assumptions,
including without limitation, management's examination of historical
operating trends, data contained in our records and other data available
from third parties. Although Dryships Inc. believes that these assumptions
were reasonable when made, because these assumptions are inherently subject
to significant uncertainties and contingencies which are difficult or
impossible to predict and are beyond our control, Dryships Inc. cannot
assure you that it will achieve or accomplish these expectations, beliefs
or projections.