DIANA SHIPPING INC. ANNOUNCES EXERCISE OF CALL OPTION

21 Jun 2024 15:42 CEST

ATHENS, GREECE, June 21, 2024 – Diana Shipping Inc. (NYSE: DSX), (the
“Company”), a global shipping company specializing in the ownership and bareboat
charter-in of dry bulk vessels, today announced it has notified Nordic Trustee
AS (as per the enclosed Notice of Exercise of Call Option) that the Company
exercises the call option in accordance with the bond agreement for the 8.375 %
senior unsecured USD 125,000,000 bond issue 2021/2026 with ISIN NO0011021974.
All outstanding bonds will be redeemed at a price equal to 103.35 per cent. of
the nominal amount for each redeemed bond, together with accrued interest on the
redeemed bonds. Settlement will take place on July 8th, 2024. Following the
prepayment, no further bonds under the Bond Issue will be outstanding. This
information is subject to the disclosure requirements pursuant to section 5-12
of the Norwegian Securities Trading Act.

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622147_NO0011021974_IB_20240621.pdf