February 2, 2005 ATHENS, Greece – DryShips Inc. today announced that it has filed an
amendment to its Registration Statement with the US Securities and Exchange Commission to
increase its proposed initial public offering to 13,000,000 shares of common stock. The offering
price range has not changed.
The offering is led by Cantor Fitzgerald & Co., Hibernia Southcoast Capital, Oppenheimer &
Co., Dahlman Rose & Company and HARRISdirect.
A registration statement relating to these securities has been filed with the US Securities and
Exchange Commission but has not yet become effective. These securities may not be sold nor
may offers to buy be accepted prior to the time the registration statement becomes effective. This
communication shall not constitute an offer to sell or the solicitation of an offer to buy nor shall
there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under the securities laws of any such
jurisdiction.
A copy of the prospectus for the offering may be obtained from Cantor Fitzgerald & Co., 135
East 57th Street, New York, New York or by calling its syndic ate department at (212) 829-4803.
About DryShips Inc.
DryShips Inc., based in Greece, is an owner and operator of drybulk carriers that operate
worldwide. DryShips currently owns a fleet of six drybulk carriers and has entered into
agreements to purchase an additional 11 vessels.
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Company Contact:
Christopher J. Thomas
Chief Financial Officer
DryShips Inc.
011-30-210-809-0570
E-mail: management@dryships.gr
Investor Relations / Media:
Nicolas Bornozis
Capital Link, Inc. (New York)
Tel. 212-661-7566
E-mail: nbornozis@capitallink.com
