2020 Bulkers — Capital/Financing Update 2025

Mar 14, 2025

2020 Bulkers Ltd. (2020) Hedging transaction for one vessel for Q2 2025

2020 Bulkers Ltd. (2020) Hedging transaction for one vessel for Q2 2025

Oslo, Norway, March 14, 2025,

2020 Bulkers has entered into a hedging transaction through a forward freight

agreement (FFA) effectively securing a fixed rate of approximately US$32,400

per day, gross, for one vessel for the second quarter of 2025.

In addition, the Company will continue to earn scrubber benefits during the

fixed rate period.

For further queries, please contact:

Magnus Halvorsen, Chairman, 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.