Ocean Rig Investors Convert More Bonds

Ocean Rig announces that investors have converted a further 35,000 Mandatory Convertible Bonds with a nominal value of NOK 35,000,000 in the Mandatory Convertible Bond Issue 2002/2005 (ISIN NO 001015769.6) into 1,000,000 ordinary shares at 35 per share. This conversion has reduced the outstanding amount under the Mandatory Convertible Bond Issue from NOK 549,042,000 to NOK 514,042,000 and increased the number of ordinary shares outstanding in Ocean Rig ASA from 64,794,097 to 65,794,097.

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