2020 Bulkers - Board/Management Information 2025

2020 Bulkers Ltd. (2020) Commencement as Chief Executive Officer

Oslo, Norway, April 1, 2025

2020 Bulkers is pleased to announce that Lars-Christian Svensen has commenced

as Chief Executive Officer on April 1, 2025, as well as Contracted Chief

Executive Officer of Himalaya Shipping Ltd, under the management agreement

between 2020 Bulkers Management AS and Himalaya Shipping Ltd.

Herman Billung will step down from his position as Chief Executive Officer for

2020 Bulkers and commence his new role as Senior Advisor.

Chairman Magnus Halvorsen stated: "On behalf of the Board and the entire 2020

Bulkers organization I would like to thank Herman for his tenure. His

dedication, work ethic, and network has been first class, and we are grateful

that we can continue to use Herman's expertise in the capacity of Senior

Advisor to the Board. We appreciate the solid handover he has done to his

successor, and we believe 2020 Bulkers will continue to generate solid

shareholder returns with Lars-Christian in charge. "

For further queries, please contact:

Magnus Halvorsen, Chairperson, 2020 Bulkers Ltd.

Telephone +47 920 20 111

About 2020 Bulkers Ltd.

2020 Bulkers has six Newcastlemax dry bulk vessels in operation. All vessels

are fitted with exhaust scrubber systems.

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