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

Oslo, Norway, December 20, 2023

Reference is made to the announcement regarding the mandatory notification of trade on December 18, 2023. In this connection, the Company has issued 75,000 common shares on December 20, 2023. Following the share issuance, 2020 Bulkers Ltd. has an issued share capital of US$22,870,906 divided into 22,870,906 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.