Disclosure of Shareholding – Drew Holdings Ltd.

Reference is made to Himalaya Shipping Ltd.'s ("Himalaya Shipping") stock exchange announcement on March 31, 2023, (the “Announcement”) relating to the pricing of the shares in Himalaya Shipping’s initial public offering in the United States of 7,720,000 new shares (the “Offering”).

Drew Holdings Ltd. has today been notified that it has been allocated 517,241 shares in the Offering. The new shares are expected to be delivered on April 4, 2023, subject to customary closing conditions.

Drew Holdings Ltd. currently owns 12,446,185 shares in Himalaya Shipping representing more than 1/3 of the share capital and voting rights. Following the settlement of the Offering, Drew Holdings Ltd. expects to own 12,963,426 shares which are expected to represent 32.51% of the share capital and votes in Himalaya Shipping (subject to adjustments for the underwriters’ potential declaration, if any, of the over-allotment option in the Offering, as described in the Announcement).