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

Hamilton, Bermuda, August 13, 2020

Commercial update:

In July 2020, the Company achieved average time charter equivalent earnings of approximately US$23,200 per day, gross. The Company’s two vessels trading on index-linked time charter earned approximately US$35,200 per day, gross, including average daily scrubber benefits of approximately US$1,400 per day. The Company’s six vessels trading on fixed time charter earned approximately US$19,300 per day, gross, including average daily scrubber benefits of approximately US$1,400 per day for two of the vessels.

The Baltic 5TC Capesize Index averaged US$24,547 during July 2020.

Dividend:

The Board has approved the payment of a dividend of US$0.01 per share for July 2020.

Key information:

Dividend amount: US$0.01 per share

Declared currency: US$

Date of approval: August 12, 2020

Last day including right: August 14, 2020

Ex-date: August 17, 2020

Record date: August 18, 2020

Payment date: On or about September 5, 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.