2020 Bulkers Ltd. (2020) – Commercial update and key information relating to the dividend for August 2024

Oslo, Norway, September 11, 2024

Commercial update:

In August 2024, the Company achieved average time charter equivalent rate (“TCE")* of approximately US$32,800 per day, gross, for the Company’s vessels trading on index-linked time charter including average daily scrubber benefits of approximately US$2,100 per day. The Company had 186 operational days in August 2024.

The Baltic 5TC Capesize Index averaged US$21,714 during August 2024.

*Average time charter equivalent rate, gross, (“TCE") when used by the Company, means time charter revenues and voyage charter revenues excluding address commission, less voyage charter expenses and adjusted from “load to discharge” basis to “discharge to discharge” basis and divided by operational days.

Dividend:

The Board has approved a dividend of US$0.17 per share for August 2024.

Key information:

Dividend amount: US$0.17 per share

Declared currency: US$

Date of approval: September 10, 2024

Last day including right: September 16, 2024

Ex-date: September 17, 2024

Record date: September 18, 2024

Payment date: On or about September 25, 2024

For further queries, please contact:

Magnus Halvorsen, Chairperson, 2020 Bulkers Ltd.

Telephone +47 920 20 111

About 2020 Bulkers Ltd.

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