2020 Bulkers Ltd. (2020) - Increase in share capital

Oslo, Norway, November 19, 2025

In connection with exercise of share options, the Company has issued 10,000 common shares on November 19, 2025.

Following the share issuance, 2020 Bulkers Ltd. has an issued share capital of US$22,880,906 divided into 22,880,906 common shares of par value US$1.00 each.



2020 Bulkers Ltd. (2020) - Approval issuance of shares

Oslo, Norway, November 19, 2025

Reference is made to the announcements by 2020 Bulkers Ltd. (the "Company") regarding its share option program.

The Company has received exercise notice from a participant in the share incentive program and the board of directors has consequently resolved to issue 10 000 new shares.

The shares will be issued to the option holder at a strike price of USD 11.42 per share. In total, 10 000 options were exercised.

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