2020 Bulkers Ltd. (2020) – Changes to Board of Directors

Hamilton, Bermuda, July 1, 2020

2020 Bulkers Ltd. (the "Company") announces the appointment of Mr. Neil Glass as a director of the Board. Mr. Glass has also been appointed to the Audit Committee of the Company. Mr. Glass graduated from the University of Alberta in 1983 with a degree in Business. He is a member of both the Chartered Professional Accountants of Bermuda and of Alberta, Canada, and is a Chartered Director and Fellow of the Institute of Directors. Mr. Glass worked for Ernst & Young for eleven years: seven years with the Edmonton, Canada office and four years with the Bermuda office. In 1994, he became General Manager and in 1997 the sole owner of WW Management Limited, tasked with overseeing the day-to-day operations of several international companies. Mr. Glass has over 20 years’ experience as both an executive director and as an independent non-executive director of international companies. Mr. Glass currently also serves as a director of the Board and a member of the Audit Committee of Borr Drilling Limited. Mr. Glass is a Canadian Citizen and a resident of Bermuda.

Mr. Glass will replace Mr. Jeremy Kramer as a member of the Board, who has resigned as a Director effective June 30, 2020. The Board would like to thank Mr. Kramer for his valuable contributions to the Company through its formative stages.

About 2020 Bulkers Ltd.:

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