2020 Bulkers Ltd. (2020) – Commercial update and key information relating to the dividend for August 2020

Hamilton, Bermuda, September 9, 2020

Commercial update:

In August 2020, the Company achieved average time charter equivalent earnings of approximately US$21,600 per day, gross. The Company’s two vessels trading on index-linked time charter earned approximately US$28,300 per day, gross, including average daily scrubber benefits of approximately US$1,800 per day. The Company’s six vessels trading on fixed time charter earned approximately US$19,400 per day, gross, including average daily scrubber benefits of approximately US$1,200 per day for two of the vessels.

The Baltic 5TC Capesize Index averaged US$19,366 during August 2020.

Dividend:

The Board has approved the payment of a dividend of US$0.03 per share for August 2020.

Key information:

Dividend amount: US$0.03 per share

Declared currency: US$

Date of approval: September 8, 2020

Last day including right: September 10, 2020

Ex-date: September 11, 2020

Record date: September 14, 2020

Payment date: On or about October 8, 2020

For further queries, please contact:

Magnus Halvorsen, Chief Executive Officer, 2020 Bulkers Management AS

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.