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2017 March 18   16:14

Dryships announces successful completion of the $ 200.0 million common stock offering

DryShips Inc., a  diversified  owner of ocean  going cargo  vessels, announced today  that it  has successfully completed the previously  announced $200.0 million common stock  offering , in which Dryships raised net proceeds of $198.0  million, pursuant to the prospectus supplement filed on  February 17, 2017. Following the completion of the offering, Dryships has approximately 152, 055,576  common shares outstanding.

About DryShips Inc.

Dryships is a diversified owner of ocean going cargo vessels that operate worldwide. Dryships  owns a fleet of 13 Panamax drybulk carriers, which have a combined deadweight tonnage of  approximately 1.0 million dwt, one Very Large Crude Carrier and one Aframax tanker newbuilding,  each of which are expected to be delivered in the second quarter of 2017, 2 Very Large Gas Carrier  newbuildings which are expected to be delivered in the second and third quarter of 2017, respectively,  and six offshore support vessels, comprising two platform supply and four oil spill recovery vessel.

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