Himalaya Shipping

Himalaya Shipping Ltd. (HSHP) - Commencement of Trading and Update on Initial Public Offering

Hamilton, Bermuda, March 30, 2023

On March 27, 2023, Himalaya Shipping Ltd. ("Himalaya" or the "Company")

announced a suspension of the trading in the Company's share to convert the

Company's registration form in Euronext Securities Oslo (the "VPS") (as defined

in the press release on 27 March 2023, the "Conversion").

The Conversion, in which the Company implemented an amendment to the

registration structure for its shares, whereby all shares are primarily held and

settled within the Depository Trust Company in the United States and secondarily

held and settled in VPS through a central securities depository link, has now

been successfully completed.

Due to technical settlement requirements in the VPS while the Conversion was

implemented, a suspension in trading of the Company's shares on Euronext Expand

Oslo took place from and including March 28, 2023, to and including March 29,

2023 (the "Trading Suspension").

The Trading Suspension has now concluded, and the Company's shares will resume

normal trading from start of trading on Euronext Expand Oslo today, March 30,

As previously announced, the Company's shares will resume trading with the new

ticker "HSHP".

On March 27, 2023, the Company announced a launch of an initial public offering

in the United States (the "Offering"). The pricing of the Offering is expected

to be fixed and announced after the close of business in the US on March 30,

2023. The initial public offering price will be determined based on a book

building process and is expected to be at or close to the closing price of the

Company's shares on the Euronext Expand in Norway on the most recent trading

date prior to the pricing date of the Offering.

A registration statement relating to securities in the Offering has been filed

with the Securities and Exchange Commission but has not yet become effective.

These securities may not be sold nor may offers to buy be accepted prior to the

time the registration statement becomes effective.

About Himalaya Shipping Ltd.:

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

Bermuda. Himalaya Shipping has two vessels in operation and ten Newcastlemax dry

bulk vessels under construction at New Times Shipyard in China. The remaining

newbuildings are expected to be delivered by July 2024.

For further information, please contact:

Herman Billung, Contracted CEO

Telephone +47 918 31 590

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