2020 Bulkers Ltd. (2020) Commercial update and key information relating to the dividend for September 2024

08 Oct 2024 08:00 CEST

Oslo, Norway, October 8, 2024

Commercial update:

In September 2024, the Company achieved average time charter equivalent rate
("TCE")* of approximately US$39,500 per day, gross, for the Company's vessels
trading on index-linked time charter including average daily scrubber benefits
of approximately US$1,800 per day. The Company had 180 operational days in
September 2024.

The Baltic 5TC Capesize Index averaged US$27,410 during September 2024.

*Average time charter equivalent rate, gross, ("TCE") when used by the
Company, means time charter revenues and voyage charter revenues excluding
address commission, less voyage charter expenses and adjusted from "load to
discharge" basis to "discharge to discharge" basis and divided by operational
days.

Dividend:

The Board has approved a dividend of US$0.20 per share for September 2024.

Key information:

Dividend amount: US$0.20 per share

Declared currency: US$

Date of approval: October 7, 2024

Last day including right: October 16, 2024

Ex-date: October 17, 2024

Record date: October 18, 2024

Payment date: On or about October 25, 2024

For further queries, please contact:
Magnus Halvorsen, Chairperson, 2020 Bulkers Ltd.
Telephone +47 920 20 111

About 2020 Bulkers Ltd.
2020 Bulkers has six Newcastlemax dry bulk vessels in operation. All vessels
are fitted with exhaust scrubber systems.

More information:
Access the news on Oslo Bors NewsWeb site