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

08 Jul 2025 08:00 CEST

Oslo, Norway, July 8, 2025

Commercial update:

In June 2025, the Company achieved average time charter equivalent rate
("TCE")* of approximately US$33,500 per day, gross, for the Company's vessels
trading on index-linked time charter including average daily scrubber benefits
of approximately US$1,200 per day. The Company had 167 operational days in
June 2025.

The Baltic 5TC Capesize Index averaged US$24,076 during June 2025.

Bulk Santos, trading on index-linked time charter in June, had off-hire for 13
days in June due to completion of 5 year special survey. All of the Company's
vessels have now completed 5 year special surveys.

*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$0.16 per share for June 2025.

Key information:

Dividend amount: US$0.16 per share

Declared currency: US$

Date of approval: July 7, 2025

Last day including right: July 14, 2025

Ex-date: July 15, 2025

Record date: July 16, 2025

Payment date: On or about July 23, 2025

For further queries, please contact:
Lars-Christian Svensen, Chief Executive Officer, 2020 Bulkers Management AS.
Telephone +47 476 38 756

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

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