DryShips Inc. Announces Quarterly Cash Dividend of $0.20 Per Common Share

September 30, 2008: ATHENS, GREECE – DryShips Inc. (NASDAQ: DRYS) announced today that its Board of Directors has declared a quarterly cash dividend of $ 0.20 per common share, payable on October 31st 2008, to stockholders of record as of October 15th, 2008.

About DryShips Inc.
DryShips Inc., based in Greece, is an owner and operator of drybulk carriers that operate worldwide. As of the day of this release, DryShips owns a fleet of 49 drybulk carriers comprising 7 Capesize, 30 Panamax, 2 Supramax, and 10 newbuilding drybulk vessels, with a combined deadweight tonnage of about 3.8 million tons and 2 drilling rigs. DryShips has also agreed to purchase 2 ultra deep water drillships to be built at Samsung Heavy Industries for delivery in the third quarter of 2011. These drillships will be managed by Ocean Rig ASA.

DryShips Inc.'s common stock is listed on NASDAQ Global Market where it trades under the symbol "DRYS".

DryShips Inc. Press Release