Himalaya Shipping Ltd. (HSHP) - Commencement of Trading and Update on Initial Public Offering

30 Mar 2023 08:01 CEST

Hamilton, Bermuda, March 30, 2023

On March 27, 2023, Himalaya Shipping Ltd. ("Himalaya" or the "Company")
announced a suspension of the trading in the Company's share to convert the
Company's registration form in Euronext Securities Oslo (the "VPS") (as defined
in the press release on 27 March 2023, the "Conversion").

The Conversion, in which the Company implemented an amendment to the
registration structure for its shares, whereby all shares are primarily held and
settled within the Depository Trust Company in the United States and secondarily
held and settled in VPS through a central securities depository link, has now
been successfully completed.

Due to technical settlement requirements in the VPS while the Conversion was
implemented, a suspension in trading of the Company's shares on Euronext Expand
Oslo took place from and including March 28, 2023, to and including March 29,
2023 (the "Trading Suspension").

The Trading Suspension has now concluded, and the Company's shares will resume
normal trading from start of trading on Euronext Expand Oslo today, March 30,
2023.

As previously announced, the Company's shares will resume trading with the new
ticker "HSHP".

On March 27, 2023, the Company announced a launch of an initial public offering
in the United States (the "Offering"). The pricing of the Offering is expected
to be fixed and announced after the close of business in the US on March 30,
2023. The initial public offering price will be determined based on a book
building process and is expected to be at or close to the closing price of the
Company's shares on the Euronext Expand in Norway on the most recent trading
date prior to the pricing date of the Offering.

A registration statement relating to securities in the Offering has been filed
with the Securities and Exchange Commission but has not yet become effective.
These securities may not be sold nor may offers to buy be accepted prior to the
time the registration statement becomes effective.

About Himalaya Shipping Ltd.:

Himalaya Shipping Ltd. is an independent bulk carrier company, incorporated in
Bermuda. Himalaya Shipping has two vessels in operation and ten Newcastlemax dry
bulk vessels under construction at New Times Shipyard in China. The remaining
newbuildings are expected to be delivered by July 2024.

For further information, please contact:

Herman Billung, Contracted CEO

Telephone +47 918 31 590

More information:
Access the news on Oslo Bors NewsWeb site