Himalaya Shipping Ltd. (HSHP) – Commencement of Trading and Update on Initial Public Offering

Hamilton, Bermuda, March 30, 2023

On March 27, 2023, Himalaya Shipping Ltd. ("Himalaya" or the "Company") announced a suspension of the trading in the Company’s share to convert the Company’s registration form in Euronext Securities Oslo (the “VPS”) (as defined in the press release on 27 March 2023, the “Conversion”).

The Conversion, in which the Company implemented an amendment to the registration structure for its shares, whereby all shares are primarily held and settled within the Depository Trust Company in the United States and secondarily held and settled in VPS through a central securities depository link, has now been successfully completed.

Due to technical settlement requirements in the VPS while the Conversion was implemented, a suspension in trading of the Company’s shares on Euronext Expand Oslo took place from and including March 28, 2023, to and including March 29, 2023 (the “Trading Suspension”).

The Trading Suspension has now concluded, and the Company’s shares will resume normal trading from start of trading on Euronext Expand Oslo today, March 30, 2023.

As previously announced, the Company’s shares will resume trading with the new ticker “HSHP”.

On March 27, 2023, the Company announced a launch of an initial public offering in the United States (the “Offering”). The pricing of the Offering is expected to be fixed and announced after the close of business in the US on March 30, 2023. The initial public offering price will be determined based on a book building process and is expected to be at or close to the closing price of the Company’s shares on the Euronext Expand in Norway on the most recent trading date prior to the pricing date of the Offering.

A registration statement relating to securities in the Offering has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.

About Himalaya Shipping Ltd.:

Himalaya Shipping Ltd. is an independent bulk carrier company, incorporated in Bermuda. Himalaya Shipping has two vessels in operation and ten Newcastlemax dry bulk vessels under construction at New Times Shipyard in China. The remaining newbuildings are expected to be delivered by July 2024.

For further information, please contact:

Herman Billung, Contracted CEO

Telephone +47 918 31 590