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Announcement in the Matters of Schemes of Arrangement

Announcement in the Matters of Schemes of Arrangement Under Section 86 of the Companies Law (2016 Revision) of the Cayman Islands Relating to Drillships Financing Holding Inc., Ocean Rig UDW Inc., Drill Rigs Holdings Inc. and Drillships Ocean Ventures Inc….

Reminder to Scheme Creditors in relation to the Scheme meetings to be held on 11 August 2017

BY MARKETWIRED GRAND CAYMAN, CAYMAN ISLANDS — (Marketwired) — 07/31/17 — Ocean Rig UDW Inc. (NASDAQ: ORIG) (“Ocean Rig” or “UDW” or the “Company”) an international contractor of offshore deepwater drilling services, wishes to remind Scheme Creditors of the need…