2020 Bulkers Ltd. (2020) – Increase in share capital

Oslo, Norway, March 16, 2023

Reference is made to the announcement regarding the mandatory notification of trade on March 15, 2023. In this connection, the Company has issued 400,000 common shares on March 16, 2023. Following the share issuance, 2020 Bulkers Ltd. has an issued share capital of US$22,620,906 divided into 22,620,906 common shares of par value US$1.00 each.

For further queries, please contact:

Magnus Halvorsen, Chairperson, 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.