Governance at Grey Wolf, Inc.

Grey Wolf has always been and will continue to be a Company of integrity. We conduct our business with the highest ethical standards and applicable law. We believe in and cherish our reputation for ethical business behavior and open and honest reporting to the investing public.

The Grey Wolf Board of Directors consists of seven directors, including five independent non-employee directors. The Board has three classes of directors that serve three-year staggered terms. The Board is compensated with both cash and stock of the Company.

The Board has four standing committees – Audit Committee, Corporate Governance and Nominating Committee, Compensation Committee and the Executive Committee. Please click on the links to see the make-up of the Committees. Please see our investor relations page for our 2007 proxy statement.