2020 Bulkers - AGM Information 2025

2020 Bulkers Ltd. (2020) 2025 Annual General Meeting and change of auditor

2020 Bulkers Ltd. (the "Company") advises that the 2025 Annual General Meeting

of the Company was held on Tuesday, May 6th, 2025 at 4:00 p.m. at the

Company's offices at Tjuvholmen Allé 3, 0252 Oslo, Norway. The audited

consolidated financial statements for the Company for the year ended December

31, 2024 were presented to the Meeting.

The following resolutions were passed:

1. To set the maximum number of Directors to be not more than five.

2. To resolve that vacancies in the number of Directors be

designated as casual vacancies and that the Board of Directors be authorized

to fill such vacancies as and when it deems fit.

3. To re-elect Mr Magnus Halvorsen as a Director of the Company.

4. To re-elect Mr Viggo Bang-Hansen as a Director of the Company.

5. To re-elect Mrs Lori Wheeler Naess as a Director of the Company.

6. To appoint Ernst & Young AS as auditors and to authorise the

Directors to determine their remuneration.

7. To approve remuneration of the Company's Board of Directors (the

"Board") of a total amount of fees not to exceed US$250,000 for the year

ending December 31, 2025.

Oslo, Norway

May 7, 2025

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