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2020 Bulkers Ltd. (2020) - Commercial update and key information relating to the dividend for July 2025 Oslo, Norway - August 13, 2025 Commercial update: In July 2025, the Company achieved average time charter equivalent rate ("TCE")* of approximately US$31,700 per day, gross, for the Company's vessels trading on index-linked time charter including average daily scrubber benefits of approximately US$1,400 per day. The Company had 186 operational days in July 2025. The Baltic 5TC Capesize Index averaged US$22,008 during July 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$0.15 per share for July 2025. Key information: Dividend amount: US$0.15 per share Declared currency: US$ Date of approval: August 12, 2025 Last day including right: August 20, 2025 Ex-date: August 21, 2025 Record date: August 22, 2025 Payment date: On or about August 29, 2025 About 2020 Bulkers Ltd. 2020 Bulkers has six Newcastlemax dry bulk vessels in operation. All vessels are fitted with exhaust scrubber systems. 2020 Bulkers Limited press release 
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