DIANA SHIPPING INC. ANNOUNCES FINAL RESULTS OF SELF TENDER OFFER FOR SHARES OF COMMON STOCK

07 Jan 2025 11:51 CET

ATHENS, GREECE, January 7, 2025 - 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 the final results of its tender
offer to purchase up to 15,000,000 shares of its common stock, par value of
US$0.01 per share, at a price of US$2.00 per share, net to the seller in cash,
less any applicable withholding taxes and without interest. The tender offer
expired at 5:00 P.M., Eastern Time, on December 31, 2024.

Based on the final count by Computershare Trust Company, N.A., the depositary
for the tender offer, the total number of shares tendered in the tender offer
was 11,442,645 shares. Because the tender offer was undersubscribed, the Company
will purchase all validly tendered shares from each tendering shareholder for an
aggregate purchase price of US$22,885,290.

If shareholders have any questions, please call our information agent, Georgeson
LLC, by telephone, toll free at (800) 248-7690. Parties outside the U.S. can
reach the information agent at +1-781-575-2137...

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636042_DSX_Tender_Offer_Final_Results_070125.pdf