2020 Bulkers Ltd. (2020) – Written Resolution of Shareholders Approved

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Hamilton, Bermuda, June 11th, 2021

Referring to the notice from 2020 Bulkers Ltd. (the “Company”) on May 25th, 2021, the Company hereby confirms that the proposed resolution has been adopted by the required simple majority vote of shareholders. As a result, the Company’s Share Premium account has been reduced from US$120,232,597 to US$105,232,597.