DryShips Inc. announced that the special committee (the 'Special Committee') of its board of directors, formed to consider the previously announced non-binding acquisition proposal (the 'Proposal') made by an entity controlled by the Company's Chairman and Chief Executive Officer, Mr. George Economou, has retained Evercore as its financial advisor and Fried, Frank, Harris, Shriver Jacobson LLP as its legal advisor. The Special Committee is comprised of the following independent and disinterested directors: George Kokkodis (Chair), Andreas Argyropoulos and George Demathas.