Disclosure of Shareholding - Affinity Shipholdings I LLP

31 Mar 2023 16:02 CEST

Reference is made to Himalaya Shipping Ltd.'s ("Himalaya Shipping") stock
exchange announcement on March 31, 2023, (the "Announcement") relating to the
pricing of the shares in Himalaya Shipping's initial public offering in the
United States of 7,720,000 new shares (the "Offering").

Affinity Shipholdings I LLP ("Affinity") has today been notified that it has
been allocated 86,207 shares in the Offering (the "Allocation"). The new shares
are expected to be delivered on April 4, 2023, subject to customary closing
conditions.

Further, Affinity Shipholdings I LLP has lent 1,158,000 shares to DNB Markets
pursuant to a share lending agreement to facilitate the over-subscription of the
Offering with an equal number of shares (the "Share Lending").

Prior to the Allocation, the Share Lending and the Offering, Affinity had
3,228,096 shares in Himalaya Shipping representing more than 10% of the share
capital and voting rights. Following the Share Lending, Affinity has 2,070,096
shares in Himalaya Shipping, representing 6.4% of the share capital and votes in
Himalaya Shipping.

Following the settlement of the Offering, Affinity expects to own 2,156,303
shares in Himalaya Shipping, representing 5.4% of the shares and votes in
Himalaya Shipping.

The ownership percentages described above following the Share Lending and the
settlement of the Offering assume that the underwriters of the Offering do not
declare the over-allotment option described in the Announcement, and will be
subject to adjustments should the option be declared.

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