2020 Bulkers Ltd. (2020) Commercial update and key information relating to the dividend for January 2026

11 Feb 2026 08:01 CET

Oslo, Norway, February 11, 2026

Commercial update:
In January 2026, 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$1,100 per day. The Company had 186 operational days in
January 2026.

The Baltic 5TC Capesize 180 Index averaged US$21,425 during January 2026.

*Average time charter equivalent rate, gross, ("TCE") when used by the
Company, means time charter revenues and voyage charter revenues excluding
address commission plus realized gain (loss) on forward freight agreements,
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$0.15 per share for January 2026.

Key information:

Dividend amount: US$0.15 per share

Declared currency: US$

Date of approval: February 10, 2026

Last day including right: February 17, 2026

Ex-date: February 18, 2026

Record date: February 19, 2026

Payment date: On or about February 26, 2026

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.

More information:
Access the news on Oslo Bors NewsWeb site