Dryships Annual Shareholder Meeting Set for September 13, 2011

DryShips Inc. (NASDAQ: DRYS), a global provider of marine transportation services for drybulk and petroleum cargoes
and offshore contract drilling oil services, announced that the Company’s 2011 Annual General Meeting of Shareholders 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.