Himalaya Shipping

Earnings Release • Aug 8, 2025

Himalaya Shipping Ltd. (HSHP) Commercial Update and Key Information Relating to the Cash Distribution for July 2025

Himalaya Shipping Ltd. (HSHP) Commercial Update and Key Information Relating to the Cash Distribution for July 2025

Hamilton, Bermuda, August 8, 2025

Commercial update:

In July 2025, Himalaya Shipping Ltd. ("Himalaya," or the "Company") achieved

average time charter equivalent ("TCE") earnings of approximately US$32,700

per day, gross[1], including average daily scrubber benefits on twelve vessels

of approximately US$1,100 per day. The Company's two vessels trading on fixed

time charters earned approximately US$33,100 per day, gross, including average

daily scrubber benefits. The Company's ten vessels trading on index-linked

time charters earned approximately US$32,600 per day, gross, including average

daily scrubber benefits.

The Baltic 5TC Capesize Index averaged US$22,008 during July 2025.

Cash distribution:

The Board has approved a cash distribution of US$0.04 per share for July 2025.

The distribution will be made from the Company's Contributed Surplus account.

Note to shareholders registered in Euronext VPS, the Norwegian Central

Security Depository:

Due to implementation of the Central Securities Depository Regulation (CSDR)

in Norway, please note the information regarding the payment date for the

shares registered in Euronext VPS below.

Key information:

Distribution amount: US$0.04 per share

Declared currency: US$. Distributions payable to shares registered with

Euronext VPS will be paid out in NOK with fixing date on August 29, 2025.

Date of approval: August 7, 2025

Record date: August 19, 2025

Payment date: On or about August 29, 2025.

The following dates apply to shares traded on Euronext:

Last day including right: August 15, 2025

Ex-date: August 18, 2025

Due to the implementation of CSDR in Norway, distributions payable on shares

registered with Euronext VPS is expected to be distributed to Euronext VPS

shareholders on or about September 3, 2025.

Due to the shortening of the Settlement Cycle in the US markets, the following

dates apply to shares traded in the New York Stock Exchange:

Last day including right: August 18, 2025

Ex-date: August 19, 2025

This information is published in accordance with the requirements of the

Continuing Obligations.

For further queries, please contact:

Lars-Christian Svensen, Contracted CEO

Telephone +47476 38756

About Himalaya Shipping Ltd.:

Himalaya Shipping Ltd. is an independent bulk carrier company, incorporated in

Bermuda. Himalaya Shipping has twelve vessels in operation.

Forward Looking Statements:

This announcement includes forward looking statements within the meaning of

the Private Securities Litigation Reform Act of 1995. These statements include

non-historical statements. These forward-looking statements are based on

current expectations or beliefs, and are subject to uncertainty and changes in

circumstances. These forward-looking statements are subject to a number of

risks and uncertainties, which could cause the actual results to differ

materially from those indicated in such forward-looking statements. Such risks

are set forth under "Item 3. Key Information --- D. Risk Factors" in our

Annual Report on Form 20-F for the year ended December 31, 2024 filed with the

U.S. Securities and Exchange Commission. Except as required by law, we

undertake no obligation to update these forward-looking statements, whether as

a result of new information, future events, or otherwise.

[1] Average TCE earnings, gross is a non-U.S. GAAP measure of the average

daily revenue performance of a vessel. Average TCE earnings, gross, when used

by the Company, means time charter revenues and voyage charter revenues adding

back address commissions, and divided by fleet operational days. Our

management believes average TCE earnings, gross can provide additional

meaningful information for investors to analyze our fleets' daily income

performance. Our calculation of such figure may not be comparable to that

reported by other companies. Please see Appendix A for reconciliation of this

measure to the nearest U.S. GAAP measure.

Appendix A -- Reconciliation of Non-U.S. GAAP Measures

Time Charter Equivalent ("TCE") Earnings, gross

The following table sets forth a reconciliation of time charter revenues to

the average TCE earnings, gross (unaudited) for the period presented:

+----------------------------------+--------------------------------+--------+

| (In millions of U.S. dollars | For the one-month period ended | |

| except per day data) | July 31, 2025 | |

+----------------------------------+--------------------------------+--------+

| Time charter revenues | $ | 11.7 |

+----------------------------------+--------------------------------+--------+

| Address commission | $ | 0.4 |

+----------------------------------+--------------------------------+--------+

| Operating revenues, gross | $ | 12.1 |

+----------------------------------+--------------------------------+--------+

| | | |

| | | |

+----------------------------------+--------------------------------+--------+

| Fleet operational days | | 372 |

| | | |

+----------------------------------+--------------------------------+--------+

| Average TCE Earnings, gross | $ | 32,700 |

+----------------------------------+--------------------------------+--------+