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2017 July 27   17:32

DryShips announces appointment of two new directors

DryShips Inc., a diver- sified owner of ocean  going cargo vessels, today  announced the appointment  of two new directors.  Mr. Anthony Kandylidis has  served as the Company’s  President and Chief Financ ial Officer since Decem- ber 2016 and was previously the Co mpany’s Executive Vice President  since January 2015. In September  2006, Mr. Kandylidis founded OceanFreig ht Inc. and took it  public in April 2007.  In 2011, OceanFreight  Inc. was absorbed by DryShi ps through a merger. Mr. Kandylidis also serves as  President and Chief Financial Officer of OceanRig UDW Inc., an  international drilling contra ctor and is a director  of the International Association  of Drilling Contractors (IADC).

About DryShips Inc.

DryShips is a diversified owner of ocean going car go vessels that operate worldwide. DryShips  owns a fleet of 13 Panamax drybulk vessels; 4 New castlemax drybulk vessels; 5 Kamsarmax dry bulk vessels; 1 Very  Large Crude Carrier; 2 Aframax tankers ; 1 Suezmax tanker; 4 Very  Large Gas Carriers, 3 of which are e xpected to be delivered in Septem ber, October and December of 2017;  and 6 offshore support vessels, comprising 2 pl atform supply and 4 oil spill recovery vessels.

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