Ocean Rig Says All Proposals Approved at General Meeting

The annual general meeting for Ocean Rig ASA on June 18, 2004 approved all proposals as set out in the notice to the general meeting dated June 1, 2004, including proposals to issue senior unsecured convertible bonds up to NOK 104,900,000 and to authorize the Board to acquire own shares up to 10% of the share capital as well as to issue up to 20% of new share capital under specific circumstances.

The general meeting re-elected for a new term the members of the Board who stood for election and the Board has appointed Geir Aune to continue as Chairman of the Board.