2020 Bulkers Ltd. (2020) - Commercial update and key information relating to the dividend for December 2023

Oslo, Norway - January 9, 2024

Commercial update:
In December 2023, the Company achieved average time charter equivalent earnings of approximately US$37,700 per day, gross.

The Company's four vessels trading on index-linked time charter earned approximately US$50,500 per day, gross, including average daily scrubber benefits of approximately US$3,000 per day.

The Company's four vessels trading on fixed time charter earned approximately US$24,700 per day, gross, including average daily scrubber benefits of approximately US$2,800 per day.

The Baltic 5TC Capesize Index averaged US$37,333 during December 2023.

Dividend:
The Board has approved a dividend of US$0.21 per share for December 2023.

Key information:
Distribution amount: US$0.21 per share
Declared currency: US$
Date of approval: January 8, 2024
Last day including right: January 22, 2024
Ex-date: January 23, 2024
Record date: January 24, 2024
Payment date: On or about January 31, 2024

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

2020 Bulkers Limited press release