Himalaya Shipping Ltd. (HSHP) – Mandatory notification of trades

Hamilton, Bermuda, March 31, 2023

Reference is made to Himalaya Shipping Ltd.'s ("Himalaya Shipping") stock exchange announcement on March 31, 2023, relating to the equity offering of a total of 7,720,000 new common shares (the "Offer Shares"), each at a subscription price of US$5.8 per Offer Share (the “Subscription Price”).

The following persons discharging managerial responsibilities ("PDMRs") in Himalaya Shipping have subscribed for and been allocated the following Offer Shares at the Subscription Price:

Bjørn Isaksen, Chairperson of Himalaya Shipping: 30,000 Offer Shares. After delivery, Mr. Isaksen and Freng Invest AS, a company controlled by Bjørn Isaksen, will own 350 000 shares and 150 000 share options in Himalaya Shipping.

Herman Billung, Contracted Chief Executive Officer of Himalaya Shipping: 17,241 Offer Shares. After delivery, Mr. Billung will own 37,241 shares and 100,000 share options in Himalaya Shipping.

Herman Billung, Contracted CEO

Telephone +47 918 31 590