2020 Bulkers Ltd. (2020) – Change of VPS registration form

Oslo, Norway, November 25, 2022

As a consequence of the implementation of the EU's Central Securities Depositories Regulation (the "CSDR"), 2020 Bulkers Ltd. (the “Company”) has today implemented the register of beneficial owners of its shares kept by DNB Bank ASA (as nominee for Euronext Securities Oslo) in Euronext Securities Oslo (the VPS) as its branch register under Bermuda law. As such, shares formerly recorded to DNB Bank ASA (as nominee for Euronext Securities Oslo) in the Company's register of members are now recorded to the shareholders registered in Euronext Securities Oslo, allowing such shareholders direct shareholder rights in the Company. As such, the Company has ensured its compliance with the changed registration regime for registration of securities with a central securities depository following the implementation of CSDR in Norway and the approval of Euronext Securities Oslo as a central securities depository thereunder.

For further queries, please contact:

Magnus Halvorsen, Chairman, 2020 Bulkers Ltd.

Telephone +47 920 20 111

About 2020 Bulkers Ltd.

2020 Bulkers has eight Newcastlemax dry bulk vessels in operation. All vessels are fitted with exhaust scrubber systems.