DryShips Inc. Announces Stock Split

DryShips Inc. (NASDAQ: DRYS) today announced that its Board of Directors intends to call a special meeting of shareholders to approve an amendment to the Company’s Articles of Incorporation to increase the Company’s authorized common stock.
Upon such approval, the Board intends to conduct a 3:1 split of the Company’s
outstanding common stock in the form of a stock dividend. Proxy materials for the
special meeting will be distributed when available.