Ocean Rig Declines to Comment on Take Over Rumors

We have become aware of market rumors that a bid or partial bid for Ocean Rig is being presented to some of our larger shareholders. No approach has been made to the Board of Ocean Rig. We are not in a position to comment on any aspect of this potential offer, but would strongly urge our shareholders not to take any action at this time.

Ocean Rig owns and operates two of the world's largest and most modern drilling rigs, built for ultra deep waters and extreme weather conditions. The units are currently operating offshore Angola and Norway.