2020 Bulkers Ltd. (2020) Commercial update and key information relating to the dividend for January 2025

12 Feb 2025 08:05 CET

Oslo, Norway, February 12, 2025

Commercial update:

In January 2025, the Company achieved average time charter equivalent rate
("TCE")* of approximately US$16,700 per day, gross, for the Company's vessels
trading on index-linked time charter including average daily scrubber benefits
of approximately US$2,700 per day. The Company had 186 operational days in
January 2025.

The Baltic 5TC Capesize Index averaged US$10,150 during January 2025.

*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$0.03 per share for January 2025.

Key information:

Dividend amount: US$0.03 per share

Declared currency: US$

Date of approval: February 11, 2025

Last day including right: February 17, 2025

Ex-date: February 18, 2025

Record date: February 19, 2025

Payment date: On or about February 26, 2025

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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