2020 Bulkers — Capital/Financing Update 2025

Mar 17, 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 17, 2025,

With reference to the announcement from the Company on March 14,2025, 2020

Bulkers has entered into an additional hedging transaction through a forward

freight agreement (FFA) effectively securing a fixed rate of approximately

US$30,100 per day, gross, for one vessel for the second quarter of 2025.

The Company has now entered into hedges for two vessels for the equivalent of

approximately US$31,300 per day, gross, for the second quarter of 2025. Both

vessels will additionally earn scrubber benefits.

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.