DryShips Inc. Reports Updated Key Financial Information Post Reverse Stock Split

DryShips Inc. a diversified owner of ocean going cargo vessels, today reports its updated key financial information giving effect to the reverse stock split on July 21, 2017:

Key Financial Information as of July 21, 2017, post reverse stock split:

Cash and cash equivalents: approximately $58.6 million (or $11.30 per share)

Book value of vessels, including advances: approximately $652.6 million (or $125.86 per share)

Debt outstanding balance: approximately $237.5 million

Number of Shares Outstanding: 5,185,153

The Company is a diversified owner of ocean going cargo vessels that operate worldwide. The Company owns a fleet of (i) 13 Panamax drybulk vessels; (ii) 4 Newcastlemax drybulk vessels; (iii) 5 Kamsarmax drybulk vessels; (iv) 1 Very Large Crude Carrier; (v) 2 Aframax tankers; (vi) 1 Suezmax tanker; (vii) 4 Very Large Gas Carriers, 3 of which are expected to be delivered in September October and December of 2017; and (viii) 6 offshore support vessels, comprising 2 platform supply and 4 oil spill recovery vessels.