Disclosure of Shareholding - Drew Holdings Ltd.

31 Mar 2023 16:00 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").

Drew Holdings Ltd. has today been notified that it has been allocated 517,241
shares in the Offering. The new shares are expected to be delivered on April 4,
2023, subject to customary closing conditions.

Drew Holdings Ltd. currently owns 12,446,185 shares in Himalaya Shipping
representing more than 1/3 of the share capital and voting rights. Following the
settlement of the Offering, Drew Holdings Ltd. expects to own 12,963,426 shares
which are expected to represent 32.51% of the share capital and votes in
Himalaya Shipping (subject to adjustments for the underwriters' potential
declaration, if any, of the over-allotment option in the Offering, as described
in the Announcement).

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