Himalaya Shipping Ltd. (HSHP) - Organizational Update

01 Apr 2025 08:30 CEST

Hamilton, Bermuda, April 1, 2025

Transition of new CEO and announcement of new CFO in Himalaya Shipping Ltd.

Himalaya Shipping Ltd. (the "Company") is pleased to announce that
Lars-Christian Svensen has commenced his role as Contracted Chief Executive
Officer of Himalaya Shipping Ltd. on April 1, 2025, as well as Chief Executive
Officer of 2020 Bulkers Ltd., under the management agreement between 2020
Bulkers Management AS and Himalaya Shipping Ltd.

In addition, we are pleased to announce that Vidar Hasund has been appointed
the role of Contracted Chief Financial Officer of the Company from the same
date, as well as continuing as Chief Financial Officer of 2020 Bulkers Ltd.,
under the management agreement between 2020 Bulkers Management AS and Himalaya
Shipping Ltd.

Herman Billung will step down from his position as Chief Executive Officer for
Himalaya Shipping Ltd. and commence his new role as Senior Advisor to the
Board.

The Chairman of the Board, Bjørn Isaksen stated:
"We would like to thank Mr Billung for his hard work and dedication during his
tenure as CEO for Himalaya Shipping. We are glad to retain his knowledge,
network, and vast experience within the Company as he embarks on his advisory
role.

I am pleased to have observed a good handover period over the last six months
with regards to our CEO transition, and I believe the Company is well
positioned for the future with Lars-Christian at the helm. In addition, we are
excited to welcome a strong resource in Mr Vidar Hasund to the Company, which
solidifies the Management Team. "

For further queries, please contact:
Lars-Christian Svensen, Contracted CEO
Telephone +47476 38756

About Himalaya Shipping Ltd.:

Himalaya Shipping Ltd. is an independent bulk carrier company, incorporated in
Bermuda. Himalaya Shipping has twelve vessels in operation.

Forward Looking Statements:

This announcement includes forward looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. These statements include
non-historical statements. These forward-looking statements are based on
current expectations or beliefs, and are subject to uncertainty and changes in
circumstances. These forward-looking statements are subject to a number of
risks and uncertainties, which could cause the actual results to differ
materially from those indicated in such forward-looking statements. Such risks
are set forth under "Item 3. Key Information --- D. Risk Factors" in our
Annual Report on Form 20-F for the year ended December 31, 2024 filed with the
U.S. Securities and Exchange Commission. Except as required by law, we
undertake no obligation to update these forward-looking statements, whether as
a result of new information, future events, or otherwise.

More information:
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