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

10 Dec 2024 08:00 CET

Oslo, Norway, December 10, 2024

Commercial update:

In November 2024, the Company achieved average time charter equivalent rate
("TCE")* of approximately US$30,800 per day, gross, for the Company's vessels
trading on index-linked time charter including average daily scrubber benefits
of approximately US$2,500 per day. The Company had 180 operational days in
November 2024.

The Baltic 5TC Capesize Index averaged US$20,899 during November 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$0.14 per share for November 2024.

Key information:

Dividend amount: US$0.14 per share

Declared currency: US$

Date of approval: December 9, 2024

Last day including right: December 11, 2024

Ex-date: December 12, 2024

Record date: December 13, 2024

Payment date: On or about December 20, 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:
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